The Banking Failure That Could Start A Financial Crisis

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TIMESTAMPS
INTRO 0:00
SVB COLLAPSE EXPLAINED 1:12
POTENTIAL CONTAGION 5:26
GOVERNMENT BAILOUT 7:26
MORE BANKS FAIL 9:09

In 2008, the world experienced the worst financial crisis on record, with people losing confidence in the banking system and the institutions who held their money

And in the end a $700 Billion government bailout was needed to prevent a complete collapse of the financial system

The GFC was described as a once in a century event and likely the worst recession for decades

So why, just 15 years later, are we seeing banks start to fail again?

Is this the start of another financial crisis?

Over the weekend, the US experienced its second largest banking failure in history

With Silicon Valley Bank, the 16th largest US bank, collapsing over just 48 hours

So With over 95% of it’s customer deposits uninsured

Bill Ackman, and other prominent investors were concerned that there could be significant contagion to other banks and business sectors in the economy

This story is evolving quickly, including the government bailout announced just a few hours ago

so rather than sit here and speculate on what will happen

I’m going to share the facts of the situation and the different possible outcomes given what we know so far

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.