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Regional banks made headline news recently, when three smaller banks failed over the course of just five days in early 2023. Silicon Valley Bank was by far the most prominent, but Signature Bank and Silvergate Bank also fell victim. Many were afraid there would be another full-blown banking crisis, but regulators and central banks all over the world acted to head that off.
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What is a Regional Bank?
It’s not just an arbitrary name, nor is it based on geographical presence, at least not anymore. It’s actually a function of size — the Federal Reserve defines a…
