Bank Failure #2 in 2023: Silicon Valley Bank
Calculated Risk
MARCH 13, 2023
Note: There were over 500 bank failures during and immediately following the GFC, and almost 300 in just 2009 and 2010. That was mostly due to default risk (poor performing MBS). I don't expect a large wave of failures now. From the FDIC: FDIC Establishes Signature Bridge Bank, N.A.,
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