Source: Shutterstock
The rapid failure of Silicon Valley Bank (SVB) has caused a significant ripple effect throughout the entire financial system. The swift loss in confidence in SVB, which ultimately caused its demise, had investors scared, which led to many like banks losing significant amounts of equity and value. Since credit unions do not exist to attract Wall Street investors, their basic structure makes them uniquely resistant to stock market fears and anxieties.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
