Two major California banks, Silicon Valley Bank and First Republic, have recently failed. While these institutions have ceased normal operations, the broader banking sector is continually monitored for stability.
Banks That Have Failed
In recent times, significant attention has been given to the stability of regional banks. Notably, Silicon Valley Bank and First Republic Bank have failed. These failures led to their closure and subsequent resolution actions by financial authorities to protect depositors and maintain financial stability.
Here's a summary of their status and other banks that have faced significant market challenges:
| Bank Name | Status/Recent Event
