Biggest bank failure since Great Recession sparks ‘exaggerated’ fears of contagion, but big lingering risks remain

https://www.forbes.com/sites/jonathanponciano/2023/03/10/biggest-bank-failure-since-great-recession-sparks-overblown-fears-of-contagion-but-big-lingering-risks-remain/amp/
Topline The sudden collapse of startup lender Silicon Valley Bank – culminating in the biggest bank failure since the Great Recession – has wreaked havoc on stocks and raised fears of a potentially systemic conundrum, and although experts say fears are grossly exaggerated, they also warn the related effects of Federal Reserve interest rate hikes