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What's the second line of defense in the regional bank rout?
To use a Ukraine war analogy, if Silicon Valley Bank is Soledar, then First Republic Bank is Bahkmut.
First Republic is in a similar line of business to Silicon Valley Bank and -- as you can see -- its shares have also plunged.
But there's been an intraday turnaround today in FRC of +80% in a sign that it could be sold or that it's not facing the same kind of problems.
The issue is that a bank run can accelerate at any time. If you were a company with millions in First Repub... Read More
Posted: Mar 10 2023, 15:38
Author Name: forexlive
Views: 082132