How can you confidently continue to do business with companies that could lose funding from their banks? That’s a question many organizations have been grappling with since the historic situation in the U.S.financial sector. The much-publicized failure of Silicon Valley Bank was actually one of three bank collapses in March of 2023, and the fallout could continue to pose a challenge for some time to come.
On this season premiere episode of Wheel of Risk, host Alix McCabe sits down with Justin Seedorf, Southwest Regional Vice President at Allianz Trade Americas, for a comprehensive look at the cause and ramifications of the situation at SVB. They’ll also hear from Dan North, Allianz Trade’s Senior Economist for North America, who breaks down the long-term outlook for banks, their customers, and the economy in general, as they contend with the new regulatory environment in which they find themselves.