Why First Republic failed. Are other banks to follow? https://ift.tt/UYT8CJo Republic Bank, the second regional bank with assets over $200bn to fail in a few weeks after Silicon Valley Bank, was seized by the government. First Republic was also catering to a wealthy clientele that helped it grow deposits, but this may have also contributed to its undoing. The large loans in First Republic's books dropped in value as the Federal Reserve rapidly increased interest rates last year. Depositors withdrew more than $100bn from the bank after Silicon Valley Bank failed, most of it during a few days in mid-March.
Monday, May 1, 2023
Subscribe to:
Post Comments (Atom)
Featured Post
-
A professional finance-themed image depicting various top trading jobs in the USA with salary insights. The scene includes financial char... -
A professional and modern illustration of job seekers searching for jobs on their laptops and smartphones. The scene includes a large job se... -
AMAZON COMPANY - Amazon is the world wide famous American electronic commerce company which headquarters in Seattle, Washington. Amazon...
Posts
No comments:
Post a Comment