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So essentially, a liquidity crisis created by the senate's moralizing. Tiberius eventually resolves the problem by dumping money into the banking system and offering interest-free loans on the security of land, essentially bailing out both the bankers and the landholders.
Tacitus really wants to connect this to the Sejanus affair, but the banking crisis in in 33, Sejanus is dead in 31, so I'm not sure I buy it.
I think we can blame everything on Sejanus.
I'm not sure we should regard the affair as a major crisis. Dio gives it literally only a sentence (58.21.5) and thinks it mainly important because it resulted in the death of a notable equestrian by suicide before Tiberius bails everyone out.
Mostly it is one more episode to file under "political and cultural elites do not understand debt instruments and every so often make moralizing decisions about debt instruments with catastrophic results" - a file that, is, of course, very much still open for new entries.
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