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Apr 6, 2023

A month after SVB, are banks lending?

Banks appear to be pulling back on making loans. Plus, what we can learn from the track record of the secretary of labor nominee.

A pedestrian speaks on a mobile telephone as he walks past Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. - US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. (Photo by NOAH BERGER / AFP) (Photo by NOAH BERGER/AFP via Getty Images)
A pedestrian speaks on a mobile telephone as he walks past Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. - US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. (Photo by NOAH BERGER / AFP) (Photo by NOAH BERGER/AFP via Getty Images)

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A month after SVB, are banks lending?