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A handful of regional lenders are at the heart of a crisis that’s shaken the US and engaged the likes of billionaire investor Warren Buffett.
The bank was seized on March 12 without another lender ready to take over, which regulators typically strive to have in place.
From Bloomberg: Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that has shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.
The bank was seized on March 12 without another lender ready to take over, which regulators typically strive to have in place before shutting a bank.
View the San Francisco for Sunday, March 19, 2023