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First Republic Bank Failed. Will Other Banks Follow?

Por: Time Nation May 02, 2023

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First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly but may have also contributed to its undoing. The bank’s business model left it susceptible to a sudden rise in interest rates. Since the collapse of Silicon Valley... + full article



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