On Friday, March 10, 2023, the 16th largest U.S. bank collapsed. Two days later, Signature Bank, another well-known bank that had 40 branches across the country, failed as well.
So with the second and third-largest bank failures in U.S. history happening so close together, you can see why reporters have given the subject a lot of attention over the past few weeks.
But what really happened? And why did it occur? What set of circumstances led to this unsettling situation?
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