Banks Going Under — What Does That Indicate?

What’s going on with our economy…

Rajeev Mudumba
ILLUMINATION’S MIRROR
4 min readMar 13

--

Banks Going Under — What Does It Indicate?
Photo by Vardan Papikyan on Unsplash

This past weekend has been a roller coaster ride for our financial markets with Silicon Valley Bank (SVB) going under within a matter of 48 hours over Thursday and Friday. Feds stepped in to take over while withdrawals were frozen. The 16th largest bank in the country going down sent shivers up the US economy’s spine! Over half the…

--

--