A Western Alliance branch in Phoenix. Regional banks that reported earnings this month have a unified message about their recent back-to-back credit hits from bankruptcies and alleged frauds: It’s not 2023 all over again. Most Read from Bloomberg While not dismissing the seriousness of loans that suddenly went sour and double-pledging of assets, bankers and analysts portray the incidents as one-off blips in narrow corners of the economy, not signs of broader systemic problems. “We feel comfortable with ...

The head of the U.S. Office of the Comptroller of the Currency (OCC), Jonathan Gould, has rejected fears that stablecoins could trigger a sudden banking crisis, describing the risk of a deposit run as overstated and unlikely to occur without warning. Speaking at the American Bankers Association (ABA) Annual Convention in Charlotte on October 19, Gould told attendees that any large movement of deposits linked to stablecoins “would not happen in unnoticed fashion” and “would not happen overnight.” His comm ...