There will be other banks failing soon, don't know which ones. But I've read of banks that had tons of money, that lent out billions in 10-year loans between 1 and 2 percent interest. Then the Fed raised rates far beyond that and the banks are stuck losing money as they sell off loans at a huge loss. Would you buy a 1.2 percent loan when you can make 5 percent elsewhere? Not without a huge reduction on the principal costs. As a depositor, wouldn't you withdraw your money earning less than 1 percent in order to invest elsewhere at 5 percent? Some banks are screwed.
Reminders of 2008....