Education, Business, & Law

Lessons from the Silicon Valley Bank collapse

Wharton finance professor Itamar Drechsler discusses what led to the collapse of SVB and the questions it raises for banks, depositors, and regulators going forward.

From Knowledge at Wharton

In the News

The New York Times

The Fed is doing too much, all at once

A study co-authored by Itamar Drechsler of the Wharton School finds that banks may collectively face paper losses of as much as $1.7 trillion in long-term bond holdings.


Tampa Bay Times

Florida targeting of environmental and social investing could come with costs

A study by the Wharton School finds that Texan cities saw an increase of $303 million to $532 million in interest payments after banning municipalities from doing business with ESG policy banks in 2021.


Fort Worth Star-Telegram

Fort Worth judge sides with plaintiffs in lawsuit challenging key provision of Obamacare

Allison Hoffman says that many people are going to feel the effects of a ruling striking down an Obamacare mandate requiring health insurers to pay the full cost of preventative health care.


NBC News

After SVB collapse, some lawmakers weigh having regulators watch TikTok and Twitter for bank panics

Peter Conti-Brown of the Wharton School says that Silicon Valley Bank failed because it was a bad bank and not because of social media, although technology did play a role in the form of digital banking.


The delusion at the center of the A.I. boom

Tess Wilkinson-Ryan of Penn Carey Law is skeptical about the utility of cheap AI for the kinds of contracting problems that pose the most serious threats to low-income parties.