Implications of SVB's Collapse and the Current Banking Crisis

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Implications of SVB's Collapse and the Current Banking Crisis

March 31, 2023

Hosted by the American Bankruptcy Institute

Silicon Valley Bank (SVB) failed on March 10 following a run on its deposits, representing the second-largest bank failure in U.S. history behind the 2008 failure of Washington Mutual. Prior to its collapse, the Santa Clara, Calif.-based SVB was the 16th-largest bank in the U.S. and was the largest bank by deposits in Silicon Valley. While federal and state authorities worked quickly to stem the financial fallout from the bank's failure, Signature Bank also failed on March 10 after a similar run on its deposits with investors spooked by SVB's collapse. Questions continue to swirl about the financial standing of regional banks and the banking system.

What factors led to SVB's collapse? Has the financial fallout from its failure been contained? What is the path going forward for the banks and their creditors?

Don't miss this panel of experts discussing these topics and more during a special abiLIVE webinar!

Friday, March 31, 2023

11:00 AM-12:15 PM EDT

This webinar is free to attend, and CLE credit is available to members in qualifying states.*

Lisa B. Tancredi,

Womble Bond
Dickinson (US) LLP
Wilmington, Del.

Prof. Edward Janger
Brooklyn Law School
Brooklyn, N.Y.

Hon. James Peck (ret.)
Morrison & Foerster LLP
New York

Lisa M. Schweitzer
Cleary Gottlieb Steen
& Hamilton LLP
New York

* 1.25 hours of general CLE credit are available in the following pre-approved 60-minute-hour states (1.5 hours in 50-minute-hour states): AK, AL, AR, CA, DE, GA, IL, MO, NJ, PA, SC, TN, TX, VT, WI and WV. These states follow an approved-jurisdiction policy: AZ, CO, CT, NH and NY. ABI will submit attendance to DE, IL, NV, PA, TN and TX. Attendees from Illinois claiming credit more than 30 days after an event will be charged the $25 Illinois late-credit claim fee that went into effect on Jan. 1, 2020. For those jurisdictions not listed, ABI will not seek direct accreditation; attorneys will need to self-submit. Some states might not allow self-submission. ABI will issue certificates for attorneys to self-submit for approval. ABI charges an administrative fee of $5 for Members and $25 for non-members upon requesting CLE credit for this program. Further details will be provided the day of the event.