Observations from The Bank Slate

We take a look at banks that had 1Q hits tied to Signature Bank's failure, along with an assessment of participation in the Bank Term Funding Program (BTFP).

Good afternoon, Bank Slaters!

From time to time, we notice things in the banking industry that merit attention outside of our Monday newsletter. Today, The Bank Slate looks at how Signature Bank’s failure hit the bottom lines of several other banks. We also review participation in the Fed’s Bank Term Funding Program (BTFP).