FDIC to Release Report on Bank System Health Spanning SVB, Signature Failures
- Agency to announce sector’s first-quarter report on Wednesday
- SVB and Signature Bank failed during period covered by report
Silicon Valley Bank headquarters in Santa Clara, California, on March 9.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The Federal Deposit Insurance Corp. on Wednesday will publish a comprehensive report on the health of the banking system in the period when Silicon Valley Bank and Signature Bank failed.
The FDIC’s Quarterly Banking Profile, which will cover the first three months of 2023, is by definition backward-looking. However, the edition spans a particularly tumultuous period during which three US banks buckled, and analysts speculated about the viability other small and midsize lenders.