Silicon Valley Bank, Credit Suisse, Archegos: The Risk of Achieving Nothing, the Risk of Getting Away with Anything, and the Risk of Losing Everything.

In recent weeks the world of finance has been shaken by events on both sides of the Atlantic. First, several regional banks in the United States, including Silicon Valley Bank, faced an existential crisis. Then the Swiss heavyweight Credit Suisse abruptly ended its 166-year journey. Well, let’s ask the traditional questions: who is to blame and what is to be done? Who Is to Blame? Silicon Valley Bank: Let’s Call Things by Their Proper Name In case of Silicon Valley Bank many observers blame a series of interest-rate hikes delivered by the U.S. Federal Reserve in the past year. As…...