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The Xchange Newsletter

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Back the Bank Stocks or Bail?

September 25, 2023

It won’t go down as the sequel to the Global Financial Crisis but 2023 will have at least one ominous historical footnote: three of the largest bank failures in U.S. history occurred this year. Meanwhile, the outlook for bank stocks isn’t encouraging. For example, last month S&P Global Ratings downgraded credit ratings on five regional banks, which have been a disaster this year for investors. Are the Bank Bears Lickin’ Their Chops?

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