Quote from Ndubuisi Ekekwe on March 25, 2023, 9:10 AM

This is a new reality for small banks in US: most can just fold - "Americans have moved more than half a trillion dollars from smaller and regional banks since the implosion two weeks ago of two West Coast lenders and the emergency takeover in Europe of Credit Suisse, according to JPMorgan data. They’ve opened accounts in banks deemed "too big to fail" — including JPMorgan — as well as in money markets, Treasury bonds and even bitcoin. The massive migration underscores fear about the safety of deposits even as the federal government says it stands ready to back these in case of further bank failures."