New York Fed Study Reveals Poor Bank Fundamentals as Key Factor Behind Banking Crises
A new study by the Federal Reserve Bank of New York, analyzing over 3,000 U.S. bank runs from 1863 to 1934 using AI and historical data, found that poor financial health in banks is a primary driver behind failures during crises rather than just the occurrence of bank runs.
Topics: bank failures bank runs Federal Reserve Bank of New York LLMs in finance