Silicon Valley Bank Collapse Highlights Critical Risk Management Lessons
The March 2023 purchase brought stability to SVB, finance professor Richard Warr tells The Durham Herald-Sun.
The collapse of Silicon Valley Bank (SVB) in March 2023 prioritized enterprise risk management across the financial services industry. Raleigh-based First Citizens Bank acquired SVB and has since carefully managed its integration.
NC State Poole College of Management Professor Richard Warr emphasized the successful outcome, noting, “There were so many reasons why this could go wrong, and it didn’t. Now, SVB is in a good position, with the industry knowledge and strong backing needed to mitigate future risks.”
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