Financial expert discusses bank crash, seizure

Published: Mar. 16, 2023 at 12:09 AM CDT
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SHREVEPORT, La. (KSLA) - In the wake of the Silicon Valley Bank crashing late last week, which resulted in the second-largest bank failure in history, KSLA spent some time Wednesday, March 15 talking dollars and cents with Colin Evans, of Evans Financial Group.

During the interview, Evans discusses what exactly happened and why.

Signature Bank in New York was also just seized Monday. Evans touches on what the banking industry and federal government are during to reassure the public that this isn’t going to cause a domino effect with other banks and eventually lead to a global panic.