How the Fed's stress tests failed to stop a banking crisis

People wait outside the Silicon Valley Bank headquarters in Santa Clara, Calif., to withdraw funds. (Credit: Nikolas Liepins/Anadolu Agency via Getty Images)

Good morning,

CFOs have always used scenario planning and stress testing. But in the past few years, from the pandemic to inflationary pressures to rising interest rates, I think it's safe to say these methods have gotten a workout.