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Bank failures happen more often than you might think—there have been 569 in the U.S. since January 1, 2000. That’s an average of about 25 per year. But the back-to-back collapses of Silicon Valley Bank (SVB) and Signature Bank in early 2023, followed by First Republic Bank in May, were unique in more ways than one. Our analysis of the Federal Deposit Insurance Corporation’s (FDIC) database reveals what makes the recent failures stand out and offers context to compare these collapses to earlier bank failures. ...
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