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Bank Failures Are Coming, Prepare Immediately For This! - Atlantis Report

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The year 2023 will be remembered as a watershed moment in banking history, marked by unprecedented collapses that sent shockwaves through the financial sector. The demise of Silicon Valley Bank in March 2023 shattered a 28-month streak without any U.S. bank failures, setting off a cascade of events that would make it the most significant year for bank failures to date. The combined assets of the banks that succumbed to the turmoil reached a staggering 548.7 billion dollars, surpassing the totals seen in notable banking crises of the past, including the collapses of Continental Illinois in 1984 and Washington Mutual in 2008.

Among the casualties were well-established institutions such as San Francisco-based First Republic Bank, which suffered the ignominy of becoming the second-largest failure in U.S. history. Following closely behind was Silicon Valley Bank, based in Santa Clara, California, ranking third on the all-time list of bank failures. Additionally, New York City-based Signature Bank joined the ranks as the fourth-largest bank to meet its demise.

The turbulence extended beyond traditional banking as crypto-friendly Silvergate Bank faced its own reckoning, alongside the unfortunate downfall of Heartland Tri-State Bank, attributed to a crypto scam involving its CEO. In total, five banks succumbed to the pressures of the times, marking the highest number of failures in a single year since 2017.

We know bank failures are coming, and you need to prepare immediately for this.



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