Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts

Lending could still contract, while financial regulators want more oversight of non-banks.

Person walking in front of First Republic Bank headquarters in San Francisco
(Image credit: Justin Sullivan/Getty Images)

Our highly experienced Kiplinger Letter team produces regular forecasts on the banking and finance sectors to help you make better decisions about your investment and personal finances (Get a free issue of The Kiplinger Letter or subscribe.) You will always get them first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest forecast… 

The failure of First Republic Bank has once again sparked concerns about the U.S. financial system. Bank regulators have taken control of First Republic and sold most of its operations to JPMorgan Chase & Co (JPM).

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Rodrigo Sermeño
, The Kiplinger Letter

Rodrigo Sermeño covers the financial services, housing, small business, and cryptocurrency industries for The Kiplinger Letter. Before joining Kiplinger in 2014, he worked for several think tanks and non-profit organizations in Washington, D.C., including the New America Foundation, the Streit Council, and the Arca Foundation. Rodrigo graduated from George Mason University with a bachelor's degree in international affairs. He also holds a master's in public policy from George Mason University's Schar School of Policy and Government.