[CFW]

It looks like the nation's banking woes aren't over yet.

[roadcat]

It looks like the nation's banking woes aren't over yet.

No, not over. In the past I had a number of CD's at First Republic, earning from 8 to 9 percent annually. Those days are long gone, and I no longer have any deposits there. Money was worth a lot more back then. Biden is making sure the dollar is crumbling.

[sauropod]

.

[Revel]

My bank just lowered the APR on accounts from .01 to zero. All while interest rates are rising. That tells me something about the condition of banks right now.

[Fury]

Old news on deposits cratering. This was not unexpected. Their revenue numbers beat expectations.

That said, they’re finished as a regional powerhouse bank. Big layoffs coming to First Republic.

[hcmama]

Down over 50% now....

[Georgia Girl 2]

I think we knew a few weeks ago that this was going to happen. I wouldn’t give two cents for Credit Suisse either. Or Wells Fargeo, BOA, Chase.

[bertmerc1]

"CNBC's 'Halftime Report' investment committee member Jim Lebenthal offers his rationale for buying First Republic Bank. Mar 14, 2023"

Kiss of death, this bank will fail.

[dynachrome]

Reports say they might have lost billions.

“JUST IN - First Republic Bank share price plunges over 50% as it lost more than $100 billion in customer deposits.”

https://twitter.com/disclosetv/status/1650949501165662212?s=61&t=dBbdqd_YOX7K8phCZrsUOQ