Lobe discusses Silicon Valley Bank collapse with WABI
Sebastian Lobe, University Foundation Professor of Investment Education and associate professor of finance in the Maine Business School, spoke with WABI (Channel 5) about the collapse of Silicon Valley Bank. “This is not an event that really sets the whole financial sector on fire,” Lobe said. “Although the stock market, you know, is very sensitive to that and shown that, but many voices are saying this is not, the U.S. banking system as a whole is healthy and small bank failures are common.”