6
/10 Severity
US Regional Banking Crisis 2023
banking crisis
Mar 2023
→ May 2023
GDP Impact
-0.2%
Countries Affected
5
Duration
1.7 months
Recovery
- months
Description
Collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse forced takeover. Interest rate rises exposing duration risk.
Causes
Rapid Fed rate hikes, duration mismatch, deposit concentration, social media bank runs.
Consequences
Three major bank failures, Credit Suisse absorbed by UBS, tightened lending, deposit flight fears.
Quick Facts
- Event Type
- banking crisis
- Start Date
- Mar 10, 2023
- End Date
- May 01, 2023
- Peak Year
- 2023