Concerns Mount over San Francisco-Based First Republic Bank

https://www.nbcbayarea.com/news/local/concerns-first-republic-bank/3179536/

by mikhael • 3 years ago

40 15 3 years ago

aliljet• 3 years ago

This doesn't seem inappropriate, but the news is moving so quickly here, I wonder if something published by NBC Bay Area yesterday at 5 PM is a particularly good source of information on how First Republic MAY or MAY NOT be failing.

FormerBandmate• 3 years ago

It’s up 50% today. Has $70 billion of liquidity, they’re fine

newaccount20232• 3 years ago

they might be fine, but daytrading activity is not a signal that they are fine

xeromal• 3 years ago

70 billion of liquidity is though.

ramesh31• 3 years ago

It’s up 50% today.

https://en.wikipedia.org/wiki/Dead_cat_bounce

sidfthec• 3 years ago

Dead cat bounce is a way to describe a pattern after the fact. It's not a way to predict what's to come.

exhibitapp• 3 years ago

Customer of FRB. My banker was quick and responsive to some tech support I needed. Didn't seem panicked at all. Just my perspective, take it for what it is

Analemma_• 3 years ago

I think FRB will be fine, but FWIW you shouldn't take this as evidence in favor of that. I guarantee all their tellers and support techs were given explicit instructions to not give any signals that anything is wrong. In a nervous environment like this, one misspoken word from a firstline tech could be all it takes to start a panic.

kornhole• 3 years ago

I am going to open up an account in the next few days with a sizeable initial deposit. I do not want to see the banks consolidated to a few that the fed can control.

fnordpiglet2• 3 years ago

The scope of the Feds controls over banks is scale invariant.

testcase_delta• 3 years ago

Are they though?

foobarian• 3 years ago

This is a pretty tautological headline. I could put any bank name there and it would likely be true given the events of the past 7 days

Concerns Mount over San Francisco-Based First Republic Bank

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