"If Panic Continues...": Banking Expert On Silicon Valley Bank Collapse
The collapse of Silicon Valley Bank (SVB) and Signature Bank have led to concerns among people over the safety of their deposits. Vishwanath Nair, Banking Editor, BQ Prime, said at this moment there is no concern of future failures. "But if the panic situation continues and people start pulling out money, in what is called a bank run, then it could turn into a big problem," Mr Nair said.
