Opinion: Three bank failures since March show Congress must reverse a poorly thought-out 2018 law [Opinion]
of those surveyed are very or moderately worried about the security of their bank accounts — and that was before First Republic went under.
They have cause to worry. The common factors that made the banks vulnerable to customers abruptly withdrawing their savings — asset portfolios heavy on mortgages and government securities that made sense only when interest rates were lower and an overreliance on deposits higher than the $250,000 limit for Federal Deposit Insurance Corp. insurance — are evident in other regional banks.
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