Bank Failures in 2023

Bank failures are in the news. Unlike the financial crisis of 2008-2009, these banking problems more closely resemble the Savings & Loan failures of the late 1970s. I have attached a link to one of the best commentaries I have read regarding the current bank problems. Brian Wesbury, Chief Economist at First Trust, explains why these primarily regional banks are in a difficult situation and what we can anticipate going forward. Read his commentary here.