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Fifth USA Bank Collapses - FDIC Closes Citizens Bank Iowa After Insolvency Due to Significant Losses - Joe Blogs
Citizens Bank, Sac City Iowa has collapsed into insolvency after suffering significant losses on loans it made to the trucking industry in USA. CB is now the 5th bank that has collapsed in 2023 making this the worst year in USA history for bank failures measured by assets. In this video I provide more details on the collapse, look at what has happened so far in 2023 and discuss the possibility of more bank failures in 2023 and 2024.
Chapters:
0:00 Intro
2:31 CITIZENS BANK
6:10 USA BANK FAILURES
9:38 ASSETS BREAKDOWN
10:30 SUMMARY & CONCLUSION