3 ms·
First republic had a lot of high net worth individuals. Similar to SVB their high bank balance made a percentage of them moving away very damaging and it looks
by remote_phone 3y ago
First republic had a lot of high net worth individuals. Similar to SVB their high bank balance made a percentage of them moving away very damaging and it looks like it accelerated.
With a regular bank, you would have much smaller accounts so a proportional number of accounts leaving Wells Fargo would have less of an effect.