Congressman Barney Frank: Making Sense of Turmoil in the Banking Sector Deciding Factors by GLG

The past month has been a volatile one for the banking sector, and its impact has been felt across the entire global economy. On Friday, March 10, the Federal Deposit Insurance Corporation seized control of Silicon Valley Bank after a run on its deposits left it insolvent. The next domino to fall was crypto-friendly Signature Bank, which shut down on Sunday, March 12. While Credit Suisse has also since been absorbed by UBS, many lawmakers have criticized U.S. federal a...