It i♏s only May, but the bank collapses so far this year are already la🍌rger than any other year in the past two decades.

First Republic Bank (FRC), Silicon Valley Bank and Signature Bank are the second, third, and fourth largest bank failures in U.S. history. This year's collapses are even bigger than those during the 2008 financial crisis.

At $548.5 billion, the combined assets of the three 💫banks that collapsed in 2023, eclipse the total assets of all banks that 🦹failed in 2008 by $175 billion and are just about $173 billion short of equaling all other bank failures since 2001.

It only took about two months for these banks to fall this year. The high-profile bank failures began in March, when the 澳洲幸运5官方开奖结果体彩网:Federal Deposit Insurance Corp. (FDIC) placed 澳洲幸运5官方开奖结果体彩网:Silicon Valley Bank and 澳洲幸运5官方开奖结果体彩网:Signature Bank, under receivership, assuming control of their assets, liabilit✤ies, and deposits.

The failure of the two banks set off turmoil within the regional banking sector, which 澳洲幸运5官方开奖结果体彩网:dragged down First Republic Bank. The San Francisco-based bank weathered a tumultuous month of plummeting stock prices and failed attempts to seek a buyer, before ultimately also being put༺ under FDIC receivership early Monday morning.

The collapse of the three banks is ꦗ澳洲幸运5官方开奖结果体彩网:costing the FDIC roughly $36 bill﷽ion of its Deposit Insurance Fund.