In March 2023, days after Silicon Valley Bank and Signature Bank failed, Gary Korolev, CFA, joined RTVI's live news program to discuss the fallout for U.S. banks and markets.
After SVB: Bank Failures and the Markets
Gary Korolev, CFARTVI, March 2023
- Program
- Dezhurny po Amerike (“On Duty in America”), RTVI
- Aired
- March 15, 2023
- Guest
- Gary Korolev, CFA, CEO of Sovereign Wealth Management
- Language
- Russian
About the Broadcast
The broadcast, part of RTVI's U.S. news show Dezhurny po Amerike (“On Duty in America”), hosted by Diana Lesnichaya, opened with the slide in bank stocks after the failures of SVB and Signature Bank. The program also covered other U.S. news of the day.
The same week, Gary told RIA Novosti that the SVB collapse was unlikely to turn into a systemic crisis, noting that regulators have had playbooks for such situations since 2008 and that the market reaction in the largest banks did not point to a broader threat. In May 2023, after First Republic Bank failed, he cautioned that pressure on regional banks was likely to continue.
The interview is in Russian. Views reflect market conditions on the broadcast date and may have changed since. This material is for informational purposes only and is not investment, tax or legal advice or a recommendation of any security or strategy. Investing involves risk, including the possible loss of principal.
Questions About Your Own Portfolio?
Commentary on air covers the general picture. How it applies to you depends on your goals, your tax position and your time horizon. We're glad to talk it through.
BOOK A CALL →
