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How banks could protect themselves from runs
People waiting outside the entrance of Silicon Valley Bank.

The collapse of Silicon Valley Bank and Signature Bank, and the bailout of First Republic, spurred many to scrutinize their banking services and question whether or not they should make changes to ensure their money is safe.

(Image: AP Photo/Jeff Chiu, File)

How banks could protect themselves from runs

The 2023 banking crisis brought into sharp focus the downsides of rising interest rates and uninsured deposits. New research co-authored by Wharton’s Itamar Drechsler offers banks a way to manage those risks.

From Knowledge at Wharton

Three things to know about the debt ceiling fight
A person is seen walking in front of the New York Stock Exchange on Wall Street.

People pass the front of the New York Stock Exchange in New York on March 22, 2023. Brinkmanship in Washington over raising the U.S. debt ceiling has begun to raise worries in parts of the financial markets.

 (Image: AP Photo/Peter Morgan, file)

Three things to know about the debt ceiling fight

Economist Harold L. Cole of the School of Arts & Sciences offers an overview of what could happen should the U.S. default on debt payments because no spending deal is reached.

Kristen de Groot

‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight

‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight

Jeremy Siegel of the Wharton School said that “shrapnel” from the Fed’s rate hikes took down Silicon Valley Bank and may send the economy into recession in the process.