After Silicon Valley Bank collapsed on Friday, news was announced of a Signature Bank Collapse on Sunday. In just 3 days, 2 of the largest 40 banks in the United States collapsed. Now the question is, which bank failure will be next? The First Republic Bank Run on Saturday might provide some insight. The good news is that late Sunday evening, some Signature Bank News was released that there would be bank bailouts, including both a Silicon Valley Bank bailout and a Signature Bank bailout. The FDIC was providing unlimited insurance under a special “systematic risk exception” rule that Janet Yellen and the Federal Reserve activated after pressure from the President of the United States.
