In this commentary we explain the two California bank closures. Unlike 2008, these were liquidity events and not solvency events. These banks were unique in that their customer bases were not diversified and more sensitive to interest rates.
In this commentary we explain the two California bank closures. Unlike 2008, these were liquidity events and not solvency events. These banks were unique in that their customer bases were not diversified and more sensitive to interest rates.