Understanding the banking system is essential to an understanding of the World Economy. For this reason, several articles (following this first article) will discuss the banking system — including international banking and domestic banking.
The event prompting the writing of this series of articles is the worldwide publicity concerning the financial woes of Silicon Valley Bank now disrupting the world of banking. It is hoped that this series will bring some clarity to those trying to have a better understanding of the banking system, and later articles will address the reasons for the failure of Silicon Valley Bank.
Banker Phares is a practicing attorney and founding member of the Estate Planning and Probate Law certification by the Texas Board of Legal Specialization. He is the John and Karen Mast Professor at SFA and teaches in the Department of Economics and Finance.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.