Since March 10, two large banks have collapsed; first Silicon Valley Bank (16th largest bank in the U.S. based on assets, and second-largest bank failure in U.S. history) followed by New York-based Signature Bank, the third largest bank failure to date.
Regional banks including First Republic Bank, PacWest and Western Alliance have caused account owners bounds of anxiety about their resilience. CNN Business reported that other banks recently sought emergency loans from the Federal Reserve. According…
