The Fed is Still Trying to Prevent the Next Silicon Valley Bank
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Sure, it's been a billion news cycles since then, but the Fed hasn't forgotten last spring's liquidity crisis that totaled Silicon Valley Bank, First Republic Bank, and Signature Bank -- and nearly spread throughout the entire sector.
According to a Bloomberg report on Wednesday, the central bank is quietly issuing wrist-slap warnings to similarly sized regional banks, such as Fifth Third Bancorp and Citizens Financial Group, in hopes of preventing the next implosion.
Source Fool.com
