Harrison Young has held senior banking jobs around the world, from the US and UK to China and Australia. In Prudence and Ambition, he shares what he’s learned.
Articles on FDIC
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The targeting of the FDIC could dangerously erode its ability to manage financial crises, like the one that occurred in 2008.
The US economy has always been a mix of government regulation and market forces. The balance between those has shifted over time, but never has one side or the other been substantively removed.
Social media provides both a forum for communication and a public signal about what a bank’s customers believe. That means Twitter can facilitate coordination in real time.
Financial crises are inevitably followed by legislation to restructure the banking system, and the ongoing problems with bank stability are likely to be no exception.
The Fed, Treasury and FDIC acted swiftly to protect depositors and stem any panic, but anxiety continues to grow about the state of the global financial system.
The speed of SVB’s collapse was a surprise but central bankers can learn lessons from this failure.
SVB, as it’s known, collapsed with lightning speed following a run on its deposits.
Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Top contributors
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Professor of Finance, Washington University in St. Louis
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Director, Latin American Business Environment program, University of Florida
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Associate Professor of Finance, Texas State University
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Assistant Professor of Finance, Arizona State University
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Fellow in Economics and History at Corpus Christi College, University of Cambridge
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Professor of Finance and Distinguished Professor of Applied Investments, Appalachian State University
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Associate Professor of Finance, Mississippi State University
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Associate Professor of Finance, University of Colorado Boulder
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Professor of Law, University of Cincinnati
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Professor of Law, Wake Forest University
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Postdoctoral Research Associate, Center for Political Economy, Columbia University
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Emeritus Professor of Finance, The University of Melbourne