Posted 3/9/2024, 12:30:00 PM
Regional Banks Back in Spotlight a Year After Silicon Valley Bank Failure
- One year after Silicon Valley Bank's failure, regional banks are back in focus due to New York Community Bancorp's stock drop
- NYCB's challenges are seen as idiosyncratic, with the market reacting more calmly this time
- SVB's collapse last March sparked tumult and uncertainty, with investors dumping regional bank stocks
- Regional banks struggled with deposit competition and tighter regulation expectations after the panic
- Trust and public perception concerns linger for banks after the 2023 turmoil showed more work is needed