And there were no rumors and no warnings anywhere in the tech financial world from what I understand. No concerns by regulators. No financial reporters writing articles of concern. Nothing at all! Doesn’t that sound a bit suspect?
My sister called my Mom freaking out because she and my Mom both have plenty of dough at First Republic Bank..my sister has a friend who used to work there she was seriously on her way to go take her money out so now my mom is in a panic she has more than 250K there should she be removing her money?
Bloomberg reported they lost billions in government securities and bonds.
There was one analyst at Morgan Stanley who had a Sell rating. They rest were all buy.