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Of the information available right now, most of it says that First Republic is in a completely different position. At least based on their disclosure on Friday
by troydavis 4y ago
Of the information available right now, most of it says that First Republic is in a completely different position. At least based on their disclosure on Friday (https://ir.firstrepublic.com/static-files/295faa27-f208-4936-81ff-6c8bfa0fb6b5 https://ir.firstrepublic.com/static-files/295faa27-f208-4936...), their risk of a run due to un-insured deposits and sector exposure is much lower:
> Consumer deposits have an average account size of less than $200,000 and business deposits have an average account size of less than $500,000
… and far less of their assets are likely to share SVB's duration exposure:
> The investment portfolio is less than 15% of total bank assets.