The failures of the Silicon Valley Bank and Signature Bank in March, followed by the recent failure of the First Republic Bank, have caused an upheaval in the U.S. banking industry. The First Republic Bank became the second-largest bank failure in U.S. history.
Although Federal regulators have assured that the banking system is safe, investors remain jittery about the viability of the U.S. banking system. Amid this backdrop, it could be wise to look beyond borders and invest in fundamentally strong foreign bank stocks China Minsheng Banking Corp., Ltd. (CMAKY), Commerzbank AG (CRZBY), and Banco Macro S.A. (BMA).
