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This year’s 3 bank failures held $532B in assets — more than all lenders that collapsed in 2008 crisis

Por: New York Post Business May 01, 2023

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The three US banks that collapsed this year — First Republic, Silicon Valley Bank and Signature Bank of New York — had more combined assets under management than all 25 federally insured lenders that failed in 2008 at the onset of the Great Recession. The US banking sector was dealt another blow when the FDIC — marking the second-largest bank failure in US history by assets — and to sell it to JPMorgan Chase. As of the end of last year,... + full article



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