Another BANK COLLAPSE. First Republic is down 95%.The 14th largest bank in America is on the verge of collapsing.
First Republic has experienced a stunning 96% drop in its stock price over the past two months.
There’s a high likelihood that First Republic Bank will be taken over by the Federal Deposit Insurance Corporation soon due to a bank run, as First Republic’s deposits fell by 41% in the first quarter.
This is a continuation of the banking crisis that started two months ago when Silicon Valley Bank failed.
And as long as the Federal Reserve continues to raise interest rates and suck money from the system, we’ll likely continue to see problems in the American banking sector.
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