bearish
Regulatory Overhaul on US Banking Sector Brings New Challenges
17 Views05 Sep 2023 10:00
SUMMARY
- The US banking sector has encountered a multitude of challenges and transformations in recent months, triggered by the collapse of several regional banks and the Federal Reserve's implementation of interest rate hikes.
- In March, Silvergate Capital, Silicon Valley Bank, and Signature Bank of New York faced financial dis- tress, followed by First Republic Bank on May 1st.
- Silvergate and Signature grappled with their ties to a volatile cryptocurrency market that experienced significant fluctuations.
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