The U.S. rarely has seen a year go by without a bank failure since the founding of the Federal Deposit Insurance Corp. (FDIC) more than 80 years ago, making the absence of one in 2018 noteworthy.
Although some believe this occurrence is a clear sign of a strong economy, Aaron Klein, economic studies fellow and policy director for the Brookings Institute’s Center on Regulation and Markets, offered a potential negative angle when writing about the subject last year.
Read on to learn more details.