First Republic Tumbles After Deposits Plunge More Than Expected; Borrows $100BN From Fed, FHLB, JPM
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First Republic Tumbles After Deposits Plunge More Than Expected; Borrows $100BN From Fed, FHLB, JPM
As long as First Republic, the 14th largest US bank, has their feeding tubes attached to the Fed, FHLB & JPM for $100 Billion per month in handouts, then everything should be AOK w/ First Republic.
First Republic Tumbles After Deposits Plunge More Than Expected; Borrows $100BN From Fed, FHLB, JPM
BY TYLER DURDEN
MONDAY, APR 24, 2023 - 04:41 PM
Moments ago the regional bank at the forefront of the banking crisis, First Republic, whose stock crashed from $125 to $12 one month ago amid the broader banking crisis, reported its closely watched earnings. A…
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