How many of the largest commercial banks in the US will fail between 7 April 2023 and 29 September 2023?
Closing Sep 29, 2023 07:01AM UTC
The failures of both Silicon Valley Bank (SVB) and Signature Bank have observers speculating whether there will be more to come in 2023 (Deseret, The Street). The question will be suspended on 28 September 2023 and the outcome determined using data available from the Federal Reserve and open-source reporting. For the purposes of this question, "the largest commercial banks in the US" are those listed in the Federal Reserve's list of "Large Commercial Banks" as of 31 December 2022 (Federal Reserve - Large Commercial Banks, see "December 31, 2022"). As of 6 April 2023, two of the largest banks have failed in the US in 2023 thus far, SVB and Signature Bank (FDIC). A bank will be deemed to have failed if it files for bankruptcy, is taken over by the FDIC, or similar outcome. The acquisition of a distressed bank by other institutions alone would not count (e.g., Federal Reserve - Wachovia).
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