Bankruptcy

Welcome back, readers. I'm Phil Rosen, writing to you from New York. 

Now that it's April, we can say a spate of banks collapsed last month, but the repercussions of the crisis continue to unfold as if it all happened yesterday. 

The chatter now centers around a looming credit crunch —  but the troubling part is that red flags were flying well before we heard a peep from Silicon Valley Bank.