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Experts, banks look for ideas to stop next bank failure
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A pedestrian carries an umbrella while walking past a Silicon Valley Bank Private branch in San Francisco, Tuesday, March 14, 2023. After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step guaranteeing all the deposits of the failed Silicon Valley Banks, even those exceeding the FDIC's $250,000 limit. - photo by AP Photo/Jeff Chiu
WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis.