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Started By
Message
First Republic Bank loses over $100 billion in customer deposits.
Posted on 4/25/23 at 4:28 pm
Posted on 4/25/23 at 4:28 pm
16
Posted on 4/25/23 at 4:33 pm to GumboPot
quote:
First Republic Bank loses over $100 billion in customer deposits.
context please? what did they do?
Posted on 4/25/23 at 4:35 pm to keakar
Posted on 4/25/23 at 4:35 pm to GumboPot
Posted on 4/25/23 at 4:36 pm to GumboPot
Uncle Billy lost the envelope with the deposit?
Posted on 4/25/23 at 4:44 pm to GumboPot
quote:
GumboPot
thats a pay wall
how about you just give the simple answer?
Posted on 4/25/23 at 4:46 pm to GumboPot
Another government sponsored banking crisis 
I thought we learned our lesson in 08
I thought we learned our lesson in 08
Posted on 4/25/23 at 4:57 pm to GumboPot
Ed Dowd reported on War Room earlier that M2 went negative for the first time since the Great Depression…..probably need to pay attention to this developing economic indicator.
Posted on 4/25/23 at 5:01 pm to Bass Tiger
They will just redefine what is used to calculate the M2 then claim all is well.
Posted on 4/25/23 at 5:01 pm to Doosh606
quote:
US stocks declined amid banking sector fears with First Republic (FRC) on the cusp of failure after it reported an exodus in deposits and was said to be mulling offloading USD 100bln worth of assets as it lacked sustainable funding
Bankers working with First Republic (FRC) said they expect an eventual government receivership for the bank after it exhausts private sector solutions like asset sales, finding a buyer, or both, which is appearing difficult, while officials at the big banks believed the Feds were poised to take over FRC last week just before its earnings announcement, according to FBN's Gasparino.
Posted on 4/25/23 at 5:02 pm to UncleFestersLegs
BOHICA.
Posted on 4/25/23 at 5:02 pm to GumboPot
Posted on 4/25/23 at 5:05 pm to ItNeverRains
Posted on 4/25/23 at 5:06 pm to GumboPot
Posted on 4/25/23 at 5:10 pm to GumboPot
go woke go broke
Posted on 4/25/23 at 5:11 pm to keakar
quote:
context please? what did they do?
quote:welcome to 2007
First Republic Bank’s Financial Ratios Will Reveal Serious Trouble
First Republic Bank's stock price has plummeted 87% since March 8, when the market learned of Silicon Valley Bank’s impending demise. This is not just a case of contagion. First Republic BankFRC has serious issues with its asset quality and significant loan growth, as well as with its funding sources.
First Republic’s significant loan growth over the last couple of years has been signaling concern for several years. The bank’s loan portfolio grew almost 24% in 2022. At the end of 2022, three institutions in a similar asset range to First Republic Bank were Citizens Financial GroupCFG, Fifth Third Bank, and Silicon Valley Bank. In 2022, Fifth Third Bank’s loan portfolio grew 5% while SVB’sVB loan portfolio grew by 12% and Citizens Financial Group’s loan group increased by 20%. For further context, the average of the largest 50 Organization for Economic Cooperation and Development (OECD) Banks grew at 4.7% in 2022. Gross loan growth is important to monitor, because significant jumps can point to imprudent lending policies, procedures, and approval standards.
Posted on 4/25/23 at 5:18 pm to UncleFestersLegs
quote:
UncleFestersLegs
thanks
Posted on 4/25/23 at 5:20 pm to GumboPot
No need to worry, this woman has it covered.
Posted on 4/25/23 at 5:21 pm to GumboPot
Mine is safe
Posted on 4/25/23 at 5:21 pm to GumboPot
Don’t worry, they identify as not having lost it.
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