Can First Republic Bank recover?
First Republic Bank suffered a $100bn bank run in the wake of Silicon Valley Bank's failure and is now desperately trying to fill a $70bn deposit hole.
The US regional lender First Republic Bank is in big trouble.
Figures released today show that in the wake of Silicon Valley Bank’s failure in March, First Republic Bank suffered deposit outflows of $100bn, partially mitigated by emergency deposits totalling $30bn from a consortium of Wall Street Banks:
Keep reading with a 7-day free trial
Subscribe to COPPOLA COMMENT to keep reading this post and get 7 days of free access to the full post archives.