In the aftermath of last year’s banking turbulence, it appears as if another formidable tempest is forming. This one, too, seems poised to sweep across America’s financial landscape with potentially devastating consequences.
The echoes of the 2023 regional banking collapse appear more like an extension of it; this time affecting a swath of vulnerable smaller banks. Merger and acquisition activities, once a vital support for struggling banks, have dwindled to a mere trickle. Its reduction indicates troubling times ahead.