The Five Stages Of Bank Failure Grief

Source: Cobden Centre
by Douglas French

“The talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic, JP Morgan’s Jamie Dimon said, ‘This part of the crisis is over.’ After he said that, however, the shares of regional banks such as PacWest, Zions, and Western Alliance were cut in half. The market doesn’t believe Mr. Dimon. Elisabeth Kubler-Ross described five stages of grief: denial, anger, bargaining, depression, and acceptance.” (05/23/23)