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I love that the official FDIC press release ends with this foretelling fact: >Silicon Valley Bank was the first FDIC bank takeover to occur in 2023. Last one
by ProllyInfamous 4y ago
I love that the official FDIC press release ends with this foretelling fact:
>Silicon Valley Bank was the first FDIC bank takeover to occur in 2023.
Last one was in 2020, so it's not exactly like this is a twice-annual event, typically... but when it's once [in a year], it's usually more than two [that same year]!
- oldgradstudent 4y agoDuring a 2008 financial crisis it was not uncommon for the FDIC to take over multiple banks every weekend. * May 28, 2010 - 4 banks * May 21, 2010 - 1 bank * May 14, 2010 - 4 banks * May 7, 2010 - 4 banks * April 20, 2010 - 7 banks The list goes on and on: https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/ https://www.fdic.gov/resources/resolutions/bank-failures/fai...