Yet ANOTHER US Bank fails….

[zoebarry]

Citizens Bank becomes the fifth US bank to fail in 2023
 

https://www.financialexpress.com/business/investing-abroad-citizens-bank-closed-the-federal-deposit-insurance-corporation-fdic-appointed-as-receiver-3296943/lite/

[Tortuga]

5 bank failures in 2023

This article compares it to previous years when hundreds of banks failed.Look at 2008-2011.

 

https://www.fdic.gov/bank/historical/bank/

[WestBro]

7 hours ago, Tortuga said:

5 bank failures in 2023

This article compares it to previous years when hundreds of banks failed.Look at 2008-2011.

 

https://www.fdic.gov/bank/historical/bank/

 

It is interesting to note that between 2020 and 2022, with the world plunged into the Covid pandemic, only 4 banks went bankrupt, all in 2020.

 

[Kwabena]

17 minutes ago, WestBro said:

 

It is interesting to note that between 2020 and 2022, with the world plunged into the Covid pandemic, only 4 banks went bankrupt, all in 2020.

 

I can't imagine the number of people going to turn homeless due to this tragedy