Five bank failures in less than a month

Many in and around the financial industry have been taken off guard by recent turmoil, but for some economists, it was the expected conclusion.

Few could have predicted the failures of Silicon Valley Bank and Signature Bank, as well as the voluntary wind-down of Silvergate Bank and the distress of First Republic Bank, all in less than two weeks, but many Federal Reserve watchers had warned that the central bank’s rapid interest rate hikes last year were preparing the financial system for devastating ripple effects.

Below are the 5 Banks which failed in less than a Month

  • Silvergate
  • Silicon Valley Bank –
  • Signature Bank –
  • First Republic.
  • Credit Suisse

Now Deutsche Bank is wobbling.

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