2023 Banking Crisis
The collapse of First Republic, SVB, and Signature Bank, and UBS’s takeover of Credit Suisse signal an unfolding banking crisis that will bring a tidal wave of civil, regulatory, and criminal investigations and lawsuits.
Recent bank failures, market volatility, and consumer trepidation drive the banking industry into turmoil. WIT has built a diverse team of banking experts from industry and academia who can provide specific subject matter expertise to advise lawyers representing parties embroiled in legal disputes and inform economists’ valuations and related opinions.
While the U.S. government has stepped in to mitigate the domino effect and recession likely to follow, the downward trajectory will inevitably impact other banks and companies. For each bank or company that fails or is taken over, WIT anticipates battles involving:
- Shareholder suits
- SEC/DOJ investigations
- Counterparty suits by other banks and companies
- Customer suits to recover lost investments/deposits
- Criminal actions for securities fraud, insider trading, and embezzlement
Learn more about our banking experts
Contact Us
Our Experts
WIT represents banking experts who are esteemed academics, experienced industry insiders, and subject area specialists. WIT has built an expert team to address our clients’ needs, whether it be to understand specific banking operations and technologies, explain banking industry practices and policies, or matters that involve damages analyses. Their expertise covers the following:
- Bank Charters
- Banking Industry Growth and Consolidation
- Banking Industry Policies and Standards
- Banking Apps and Technology
- Banking Operations and Due Diligence
- Cryptocurrencies and Digital Assets
- Digital Banking
- Economic Conditions and Market Environment
- Fiduciary Responsibility
- Management of Capital, Liquidity Strategies, and Counterparty Relationships
- Regulatory and Compliance
- Trading Platforms & Transactions