One hour after Powell said in his speech ‘The banking system is sound and resilient’, another bank has collapsed.
This time, Pacwest Bancorp.
Mid-tier banks are collapsing and big banks are buying them out.
One hour after Powell said in his speech ‘The banking system is sound and resilient’, another bank has collapsed.
This time, Pacwest Bancorp.
Mid-tier banks are collapsing and big banks are buying them out.