In March 2023, Silicon Valley Bank, a respected regional bank heavily involved in the start-up and tech ecosystem, collapsed. Online chatter about the bank’s standing sparked a bank run and resulted in the largest financial crisis since 2008. The situation seemingly had ripple effects on other banks, including Signature Bank and Credit Suisse, and has tampered with the reputations of regional banks altogether. Is the caution warranted? What really happened? How should advisors guide their clients during tumultuous times? And what can we expect in the second half of 2023? In this episode, John Hadwen, Director and Portfolio Manager of Global Equity Financials at BMO, breaks it down.

This episode of Frontier of Finance is sponsored by BMO Global Asset Management. BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. Certain of the products and services offered under the brand name, BMO Global Asset Management, are designed specifically for various categories of investors in Canada and may not be available to all investors. Products and services are only offered to investors in Canada in accordance with applicable laws and regulatory requirements.