The failure of California-based Silicon Valley Bank on Friday and the decision by federal regulators to make sure depositors at the bank can access all of their funds has put heightened attention on the banking sector for the first time since the aftermath of the Great Recession.
While the Treasury Department’s actions have for now stemmed concerns about the health of the banking sector overall, the events of the past week do raise questions about the health of all banks.
Rose Oswald Poels, president and chief executive officer of the Wisconsin Bankers Association, issued a statement seeking to assure members of the public “that the banking system overall and Wisconsin banks are safe, sound, and resilient.”
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