The Current Phase of the U.S. Banking Crisis

Recently, U.S. financial regulators approved the purchase of First Republic Bank by JPMorgan. This is the third bankruptcy this year after the collapse of Silicon Valley Bank and Signature Bank. 🔻 How serious is it? The assets of these three banks totaled $532 billion. While the assets of 25 banks that left the market in 2008 amounted to only $526 billion. From 2008 to 2015, more than 500 banks ceased operations. Small and medium-sized regional banks through bankruptcy came under the control of larger players. Now we are witnessing another large-scale acquisition cycle. 🔻 Managed Crisis Mechanism The collapse of…