Rob Nichols: "the overall banking sector is safe, sound, resilient and healthy" (2023)

These midsized banks, these small regional banks are incredibly important for the U.S. economy.  They serve incredibly important communities and businesses and individuals.  So despite the failures of three institutions that we saw - and that's of course unfortunate when any bank fails, and we that that incredibly seriously - the overall sector is safe, sound, resilient and healthy, from community banks all the way up to our money center banks...  A lot of what we've seen with regard to those couple of those [failed] institutions was really idiosyncratic and local to those institutions, not representative of the entire U.S. banking sector which is on solid footing.

~ Rob Nichols, American Bankers Association CEO, Yahoo Finance interview, 0:55 mark, May 8, 2023