The Three Large Bank Failures in the US

The three large bank failures that have just occurred in the US are very similar to what happened with Silicon Valley Bank. In this case, I think myself and a lot of my colleagues who are surprised that this is a type of bank failure that is almost textbook, so to speak. This re-corresponds to very old models of bank runs that we have. It's really banking one-on-one thing. So yeah, you would think that people should have seen this coming"