The venture capital world is reeling, and regional banks nationwide are feeling the pain after the second- and third-largest bank failures in U.S. history took analysts by surprise last week. But we were warned.
In October 2019, Martin J. Gruenberg, a board member at the Federal Deposit Insurance Corporation (FDIC), gave a speech titled “An Underappreciated Risk: The Resolution of Large Regional Banks in the United States” at the Brookings Institution’s Center on Regulation and Markets, in Washington, D.C.
