Data: FDIC; Note: A bank failure is defined as when regulators close a bank; Chart: Madison Dong/Axios Visuals
To see two bank failures in one year, as we have thus far in 2023, isn't that unusual. It's the dollar amounts that are eye-popping.
Why it matters: The size of Silicon Valley Bank is likely making it more difficult for regulators to find a buyer, which would usually be the ideal scenario for regulators cleaning up after a collapse.
