Samuel Hanson

Jun 5, 2024 | brookings.edu | Janice Eberly |Samuel Hanson |Jón Steinsson |Daniel K. Tarullo

The failure of three mid-sized banks in March 2023—three of the four largest bank failures in history—shook financial markets and could’ve spread to other banks if regulators hadn’t stepped in. Two on-going trends in finance contributed to these failures: an increase in uninsured deposits and the migration of business lending to non-banks.