The banking crisis that emerged in early March has actually unfolded at warp speed.
Three local bank failures that cost the Federal Deposit Insurance Corp.’s piggy bank an approximated $35 billion. Rising issues about the outlook for midsize banks. A nascent policy argument over the future of deposit insurance coverage. Burgeoning fears that business realty loans might be the next source of problem. And a lot more.
It’s all unfolded so quickly that it’s been difficult to maintain. So 10 weeks into the crisis, here’s a week-by-week wrap-up of the crucial occasions, including links to American Banker’s comprehensive protection.
