In March, Silicon Valley Bank collapsed, plunging its parent company SVB Financial Group into bankruptcy a week later. While many expected a wave of bank failures to follow, much of this has since been averted - but cracks have begun to emerge with Moody's recent downgrading of 10 small and mid-sized banks. Across the wider corporate landscape, bankruptcies have begun to tick higher. Overstretched balance sheets coupled with 11 interest rate hikes since last year have added to mounting challenges for companies across many sectors. As Visual Capitalist's Dorothy Neufeld and Sabrina Fortin show in the graphic below, based on data from S&P Global, corporate bankruptcies in 2023 are surging...U.S. Corporate Bankruptcies Grow So far in 2023, over 400 corporations have gone under. Corporate bankruptcies are rising at the fastest pace since 2010 (barring the pandemic), and are double the level seen this time last year. Below, we show trends in corporate casualties with data a