More than a week after the sudden collapse of SILICON VALLEY BANK, and the failures at SIGNATURE and SILVERGATE banks, the CONVERSATION picks up where we left off on our last Special Episode. We look at the financial wreckage of these disasters as well as the trouble at FIRST REPUBLIC BANK, and at UBS's agreement to purchase a troubled crosstown rival CREDIT SUISSE for over $3 billion. Veteran bank analyst DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, offers his accounting of today's state of the banking industry. Is the sector still in trouble, a state of rot? Are other banks still vulnerable? BOVE takes a close look at the financial and capital strength of the industry across multiple lines, to offer his informed opinion.

"The risk managers were deficient at all of these banks when they didn't hedge [their risk] against 30-year Treasuries," says BOVE, responding to MAT VAN ALSTYNE, ODEON co-founder and managing partner, adding that the same "deficiency" is evident across multiple financial institutions, including the US Fed in an era of rising interest rates. On the rescue of the US banking industry, BOVE singles out the banking industry itself for stepping up with capital for a sector in a crunch. "The salvation of the banking industry last week was not the Fed, " he says. The CONVERSATION also looks at the role of the media in the latest crisis. Finally, host JOHN AIDAN BYRNE raises questions about the dynamics of bank runs in an age of digital commerce.

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