LawSites: “In the wake of the recent failures of Silicon Valley Bank and Signature Bank, Wolters Kluwer Legal & Regulatory U.S. has launched a new resource, intended for corporate legal departments, that provides a collection of guides and checklists to help companies avoid a bank failure and take action when a failure occurs, as well as a tracker to follow related lawsuits and investigations. The Bank Failures Toolkit is available on WK’s VitalLaw and VitalLaw for Corporate Counsel research platform, as well as free for anyone to access through WK’s website. “The best protection against the consequences of a failed bank is prevention,” WK says. “This toolkit offers proactive steps that will both minimize and mitigate the risk that a company faces should its bank collapse.”
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