• krolden
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    31 year ago

    As with the rest of the banking system, failures are more of a cascade than an all at once thing. I wouldn’t be surprised if this was the first of many banks to fail this year.

    • @pingveno@lemmy.ml
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      -21 year ago

      There might be a few, but this was a medium size bank with an unusually vulnerable balance sheet. I don’t think we’ll see anything like Lehman Brothers, with its highly leveraged balance sheet. US regulators have also been far more careful in the past 15 years to prevent the accumulation of systemic risk in the economy.