Are bank runs and financial contagion incoming?

[Wales-Bales]

Here's a picture for the blip theorists.

FRB.jpg

First Republic Bank seized and sold by US regulators.

Silicon Valley Bank ✔
Silvergate Bank ✔
Signature Bank ✔
Credit Suisse ✔
First Republic Bank ✔

I guess it was just another "localised issue around a bank too dependent on hi-tech stocks!"