Owen's Overview - Past and Present

     About $165 billion . That was the amount borrowed by banks from the Federal Government in March 2023 alone. Since the Great Depression , people have developed banks as a secure way to keep their money safe and earn extra interest. However, bank failures that played a prominent role in the start of the Great Depression still occur today, as seen by the 2023 United States banking crisis. But what factors are causing bank failures to still occur after the Great Depression?                                                                                                                      Source: Getty Images      In March 2023, the collapse of the Silicon Valley Bank (SVB) and the Signature Bank occurred, along with the bank failure of the First Republic Bank (FRB) shortly after in May. All banks at the time faced rising interest rates due to inflation during the pandemic, declining commercial property values, and a hint towards economic recession. However, the final straw that br