Money in Crisis: Exploring the Recent Bank Failures

May 17, 2023

There is widespread concern and speculation amid the nation’s three recent bank failures. Mike Affuso, CEO and president of the New Jersey Bankers Association, helps us understand what's been happening, what it means for investors and consumers, the role that the debt ceiling fight and interest rate hikes are playing, and what the next steps may be.


Jeffrey  Kaszerman

Jeffrey Kaszerman

Jeff Kaszerman is the vice president of government relations for New Jersey Society of CPAs. He works with the CEO and board of trustees to create and implement advocacy initiatives that protect and promote the interests of the CPA profession, the business community and the public.

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Mike  Affuso

Mike Affuso

Michael P. Affuso is the president and CEO of the New Jersey Bankers Association. Previously, he served at the oranization's executivevice president and director of Government Relations.