Comparing Recent Banking Failures: First Republic, Silicon Valley Bank, and Signature.
First Republic Bank became the third bank to fail this year after Silicon Valley Bank and Signature Bank collapsed in March. The three banks held a total of $532 billion in assets, more than the $526 billion held by the 25 banks that collapsed in 2008. Stricter regulations have led to fewer bank failures in recent years, but midsize banks like First Republic, Silicon Valley, and Signature do not have the same regulatory oversight. The failure of Silicon Valley Bank was a "textbook case of mismanagement," and the Fed will "re-evaluate" its rules for banks similar in size.
