Doubtless we’ve all heard by now of the sudden and unexpected closures of Silicon Valley Bank and others last week. You’ve also likely heard federal regulators announced plans to support depositors of the two banks and prop up consumer confidence in the banking industry. What exactly happened here? Are more bank failures expected? What were the actions the regulators took to guarantee the deposits of these banks’ customers?
What You’ll Learn
- What has happened so far?
- Will it happen to other financial institutions?
- Is the industry in trouble?
- Regulatory and government responses
- Impact on FDIC deposit insurance
- New assessment fee
- Communication and management
- What to tell concerned customers
- Future outlook
Who Should Attend
Anyone in the financial institution that would like an update on current events. Especially front-line personnel who may need to respond to questions from the public.