The US's bank troubles have been concentrated among smaller-sized banks, while the larger institutions have weathered the storm relatively well so far. The impact on banks in the European Union has remained moderate. European banks carry substantial liquidity buffers that they can tap into in times of stress. US bank troubles remain limited to smaller banks so far: US bank worries have somewhat eased after the substantial deposit instability in the regional banks in March and April resulted in four mid-sized banks collapsing. The combination of a high perceived impact from higher interest rates on these banks’ ... (full story)