Topic: Fulton Bank

1 chapters across the catalog

Fulton Bank is reportedly closing 18 branches after acquiring toxic assets from the failed Republic First Bank. Dr. Kirk Elliott points out that the FDIC only has enough funds to cover 1.17% of all deposits, leaving the banking system vulnerable to a run. With the expiration of the Bank Term Funding Program, Elliott predicts a new wave of bank failures as high interest rates and delinquencies pressure undercapitalized institutions.