The Signature Bank failure came on the heels of the 2nd biggest bank failure in U.S. history, Silicon Valley Bank.... ( read more )
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As the COVID-19 pandemic continues to wreak havoc on the global economy, many financial experts predict an increase in the number of bank failures in the United States. This raises the question: could bank failures lead to new federal regulations? Bank failures are not a new phenomenon in the United States. In fact, since the founding of the Federal Deposit Insurance Corporation (FDIC) in 1933, over 5,000 banks have failed. The FDIC was created to provide insurance coverage for bank deposits, which has helped to protect consumers and limit the impact of bank failures on the overall economy. However, even with this safety net in place, bank failures can still have
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