The exterior of the Peter B Lewis Building under a clear sky
Peter B Lewis Building, home of the Weatherhead School of Management at Case Western Reserve University

Weatherhead’s Gregory Harmon talks about collapse of the Silicon Valley Bank

As several large banks close or get taken over, is your money safe?
WEWSGregory Harmon, assistant professor of banking and finance at Weatherhead School of Management, said that following the collapse of the Silicon Valley Bank, the government stepped in to prevent a more dramatic collapse of the markets. “Those who had money in their bank accounts at those banks that either liquidated or got taken over by the FDIC were moving their cash out of the bank,” he said.