MAYDAY! ANOTHER BANK COLLAPSE... SPURS FEARS FOR US BANKING SYSTEM, BROADER ECONOMY
SECOND BIGGEST IN HISTORY..... CREDIT / BANK LENDING IN USA GRINDING TO A HALT
First Republic Bank collapse spurs fears for banking system, broader economy
BY KARL EVERS-HILLSTROM - 05/01/23 3:28 PM ET
The demise of First Republic Bank raises questions about the strength of the U.S. banking system and the broader economy that relies on it.
Monday’s shutdown marks the nation’s second-largest bank failure — First Republic Bank had nea…
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