Currently, another regional bank, New York Community Bank, is teetering on the brink of a similar fate. The bank's solvency doubts have led to a 45% plunge in its stock price within a span of two days.
To fully grasp the issues that regional banks face, it's essential to understand the workings of the banking system. When you deposit money in a bank, the bank typically does one of three things with that money.
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