17 March 2023

It's Bank Failure Friday!!!

No FDIC insured bank closures, which is not a surprise, given the whole Silicon Valley Bank and Signature Bank closures over the last week.

Even if there are some banks that should be closed right now, the FDIC and Treasury will hold off for a while to keep the financial markets from throwing a rod through the crankcase.

As for credit union, we did have a failure last week, March 8, that I missed in the aforementioned kerfluffle, the second credit union failure of the year.

  1. Inter-American Federal Credit Union, of Brooklyn, New York
No graph yet, I do not think that there are enough data points for that.


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