New York Community Bank (NYCB) is under pressure as the bank's shares continue to fall on its fourth-quarter losses and lack of faith in the regional banking system. The one-year anniversary of Silicon Valley Bank's collapse approaches, causing investors to take a step back and review how the situation played out. Yale Program on Financial Stability's Associate Director of Research Steven Kelly joins Yahoo Finance to discuss NYCB, the lessons learned from the banking crisis of 2023, and how to move forward. In terms of the differences between the current situation with NYCB and SVB,  Kelly differentiates the NYCB situation from SVB: "It's very much a different animal. There's much less panic this time around. So this is sort of an extension, we're talking about fragilities that ultimately go back to a higher interest rate environment, the Fed [Federal Reserve] moved very fast on interest rates in a way that the market wasn't expecting. But the market has had a year to look at banks and sort of differentiate between what's strong and what's not and what similarities... actually can drive financial distress." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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