“Citizens Bank joined Silicon Valley Bank, Signature Bank, First Republic Bank, and Heartland Tri-State Bank on the list of failures.”
In another life, I analyzed banks and occasionally talked to finance officers. They had little sympathy for failed institutions, because these people had failed to listened to the warnings of their finance officers who watched balance sheets and looked at interest rate exposures.
Of course they call it a bank failure but it’s really another taxpayer bailout. We need real capitalism with real failures