Mar 10, 08:40 PM

U.S. Regional Banks Struggle Post-SVB Collapse, Bank Profits Drop 44% in Q4 2023, FDIC Reports $66.3 Billion in Problem Bank Assets

Regional banks in the U.S. continue to face challenges a year after the collapse of Silicon Valley Bank (SVB). The Federal Deposit Insurance Corporation (FDIC) reports a 44% drop in U.S. bank profits in Q4 2023, with the banking industry still encountering significant downside risks. FDIC adds eight banks to the 'problem bank' list, with total assets at problem firms amounting to $66.3 billion.

#Silicon Valley Bank #SVB #Federal Deposit Insurance Corporation #FDIC

Written with ChatGPT (GPT-3).

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Elizabeth Warren@SenWarren
2 years ago
After Silicon Valley Bank crashed a year ago, banking regulators told me they'd put tougher rules on big banks. Now, I'm asking @federalreserve @FDICgov & @USOCC to deliver on their commitments to protect our financial system & economy. https://t.co/FtDgew8yj9
FORTUNE@FortuneMagazine
2 years ago
Tech-loving Silicon Valley Bank collapsed a year ago—and nothing has really replaced it. https://t.co/rzrrOHncJY
Trung Phan@TrungTPhan
2 years ago
Need an update on what this former Silicon Valley Bank (SVB) has been doing for the past year. https://t.co/RKFPh7jHMN

U.S. Regional Banks Struggle Post-SVB Collapse, Bank Profits Drop 44% in Q4 2023, FDIC Reports $66.3 Billion in Problem Bank Assets

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