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Fortune

Christiaan Hetzner

SVB cash crunch highlights $620 billion hole in banks’ balance sheets

SVB Greg Becker SVB Financial Jim Cramer Martin Gruenberg United States FDIC Interest Rates Silicon Valley Bank

SVB Financial CEO Greg Becker is raising cash to plug a hole in his balance sheet. (Credit: Luke MacGregor—Bloomberg/Getty Images)

Martin Gruenberg could not have picked a more prescient time to flag risks in the U.S. banking industry.

On Monday, the chairman of the Federal Deposit Insurance Corporation (FDIC)—the agency that backstops depositors—addressed risks U.S. lenders faced three years after the outbreak of the pandemic. Chief among them was the potential for a bank run.

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Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

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