No bank failures in 2018, a failure in May of this year, and now 3 bank failures in 2 weeks.
The most recent failure, the 4th for the year, is City National Bank of New Jersey of Newark, NJ.
I’m beginning to wonder if regulatory forbearance has begun to come to the end of its string, and now banks that were left to slide are beginning to collapse.
So, here is the graph pr0n with last few years numbers for comparison (FDIC only):