The recent banking failures in the US, including Silicon Valley Bank, Signature Bank, and Silvergate Bank, have led to a political blame game between President Biden and former President Trump, with each accusing the other's policies for the banking crisis. However, some analysts believe the issue lies within the banking system's management and the lack of expertise of banking operators resulting from years of low-interest rates. Andre Esteves, CEO and founder of BTG Pactual, believes this lack of expertise caused the debacle at Silicon Valley Bank, as the current generation of operators only knows inflation and hawkish policies by book or in theory, but not in practice.

(By Sergio Goschenko)