by Wolf Richter, Wolf Street:

In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures.

The rate-cut-mania-inspired plunge in longer-term yields at the end of Q4, now partially reverse, had a salubrious effect on the balance sheets of commercial banks, according to the FDIC’s quarterly bank data released on Thursday.