The rapid increase in interest rates in the US leads to bank failures

96.5% of regional US banks (there are 230 of them) are declining this week and YTD. 30% of them are down >10% this week. The rapid rate hike made life difficult for them. And it's not over yet. Yesterday the Fed raised the key interest rate to 5.25% and today the ECB raised interest rates to 3.75%.

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