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Silicon Valley Bank collapse: IU experts available to comment

President Biden assured customers of U.S. banks they should remain confident that their money is safe, despite the collapse of Silicon Valley Bank and Signature Bank over the weekend.

Federal regulators took emergency measures on Sunday to ensure the failure of the banks didn’t cause a larger financial crisis, and Biden said during a speech Monday that leaders and investors of banks that fail will be held accountable. IU experts are available to discuss the economic and political implications of the bank turmoil. 

For more information, contact Barbara Brosher at bbrosher@iu.edu or 812-855-1175, or Teresa Mackin at tmackin@iu.edu or 317-274-5432.

Kenneth Carow
IU Indianapolis

Kenneth Carow

Kelley School of Business

Kenneth Carow is a professor of finance at the Indiana University Kelley School of Business Indianapolis. He teaches courses in corporate finance, financial risk management and financial institutions. His primary research interests include financial institutions and the deregulation of markets.

Expertise

Banking, debt design, financial institutions, insurance, general finance.

Andreas Hauskrecht
IU Bloomington

Andreas Hauskrecht

Kelley School of Business

Andreas Hauskrecht is a clinical professor of business economics and public policy at the IU Kelley School of Business. He can discuss the Silicon Valley Bank and Signature Bank collapses. 

Expertise

International economics and finance, money, banking, Vietnam.

Sarah Jane Hughes
IU Bloomington

Sarah Jane Hughes

Maurer School of Law

Professor Sarah Jane Hughes is a dedicated and dynamic teacher and was honored with the Maurer School of Law’s Leon Wallace Teaching Award in 1993 and the graduating class’s Gavel Award in 1996, 1997 and 2000. Her courses include sales, negotiable instruments, secured transactions and banking law, and she also supervises the semester externship program in Washington, D.C.

Expertise

Virtual currencies, payments, commercial law, cybersecurity, privacy, consumer protection, banking regulation, regulation of non-depository financial services providers, Bank Secrecy Act, anti-money laundering and anti-terrorist finance deterrence, Fair Credit Reporting Act, state data breach notification statutes.

Kristoph Kleiner
IU Bloomington

Kristoph Kleiner

Kelley School of Business

Kristoph Kleiner is an economist and associate professor of finance at the IU Kelley School of Business and has been a visiting scholar at the Federal Deposit Insurance Corporation. He can discuss the Silicon Valley Bank and Signature Bank collapses. 

Expertise

Unemployment, small business, bankruptcies and foreclosures, bank loans, job market, labor issues in finance.

Vidhura Tennekoon
IU Indianapolis

Vidhura Tennekoon

Department of Economics

Vidhura S. Tennekoon is an assistant professor of economics at IU Indianapolis. Before joining IU in 2014, he worked at the Department of Economics of the University of Oklahoma and Eastern Washington University. He also has professional experience as a central banker.

Expertise

Econometric forecasting, health policy, health economics, interest rates, inflation, monetary policy, banking, Sri Lanka.

Zhenyu Wang
IU Bloomington

Zhenyu Wang

Kelley School of Business

Zhenyu Wang is a professor of business finance and the Edward E. Edwards Professor at the IU Kelley School of Business. He was formerly a vice president at the Federal Reserve Bank of New York. Wang is available to discuss the Silicon Valley Bank collapse.

Expertise

Financial markets, financial intermediation, derivatives securities, risk management, portfolio management, financial econometrics.

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