Accounting
Sep 19, 2023
Professor Rahul Vashishtha explains why even healthy banks can collapse under panic withdrawals
On May 1, 2023, First Republic Bank was seized by the Federal Deposit Insurance Corporation (FDIC) and acquired by JPMorgan—the last of a string of three regional bank failures in less than two months.
However, many analysts pointed out substantial differences from the earlier failures of Silicon Valley Bank and Signature Bank, and... read more