Knowledge Labs: In The Know With William Huggins

March 14, 2023 | Hamilton, ON
Contributed by William Huggins, Lecturer, Finance and Business Economics

On Friday, March 10, 2023, the collapse of the Silicon Valley Bank became the second-largest bank failure in US history.

“If you go back a 100 years, for a bank to collapse due to a bank run, you really have to have a lot of people lining up out front asking for cash until there’s no cash left,” says William Huggins, Lecturer, Finance and Business Economics at the DeGroote School of Business. “But in the modern day where everything can simply be withdrawn digitally, you really can move 42 billion dollars out of one institution in just 24 hours, and that’s what led to the collapse at SVB.”

In our latest Knowledge Labs: In the Know, William Huggins helps to break down what happened with SVB.

Knowledge Labs: In the Know is a weekly web series where experts from the DeGroote School of Business offer their insights into current affairs. Keep up with the series:

William Huggins

William Huggins

Lecturer, Finance & Business Economics

William Huggins teaches courses in corporate finance, economics, and statistics, with further interests in international trade, pensions, and financial history. Before joining DeGroote in 2018, he taught at the University of Toronto for 10 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Policy

We generally welcome discussion on our blog posts. However, we reserve the right to edit or delete comments in certain situations:

  • Comments which include unrelated or suspicious links or messages (spam).
  • Comments which are off topic.
  • Comments which attack or threaten individuals or a group of people.
  • Comments which include profanity or messages that would generally be considered offensive or inappropriate by the McMaster community.

This site is moderated by the DeGroote Marketing and Community Engagement team. If you have any questions please email Katie Almas.