The US bank failures experienced recently are indeed different from those that occurred during the 2008 financial crisis. During the 2008 crisis, many banks failed due to a variety of reasons, including risky lending practices, subprime mortgages, and inadequate regulation. This led to a cascading effect that resulted in a global financial crisis.
In contrast, the recent bank failures in the US have been due to individual bank issues rather than systemic issues. For example, the recent failure of two small banks, The Enloe State Bank in Texas and The Louisa Community Bank in Kentucky, was due to fraud and mismanagement rather than broader economic factors. These failures have not significantly impacted the more general financial system or caused a systemic crisis.
Furthermore, the US banking system has undergone significant regulatory reforms since the 2008 crisis, which have improved the resilience of the financial system. These reforms include increased capital requirements for banks, stricter regulations on lending practices, and improved risk management practices.
In summary, while recent bank failures in the US are concerning, they are not indicative of a broader systemic issue. The US banking system is much better equipped to handle such failures than during the 2008 crisis.