Hi all,
I have been reading up a lot about these three banks and trying to understand what's going on as much as I can. But unfortunately, I'm not exactly versed in lending process (from the bank's perspective).
Can someone in explain how/why these banks failed in simplest terms?
Is this similar or exactly the same to the one in 2008?
Are there any other potential banks to follow suit in the upcoming months?
Thanks,
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