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Used to bank with First Republic when I lived in CA and always had very good experiences. Unfortunately, in banking, a high degree of customer satisfaction can
by VagueMag 3y ago
Used to bank with First Republic when I lived in CA and always had very good experiences. Unfortunately, in banking, a high degree of customer satisfaction can be a side effect of practices which ultimately land the bank in trouble.
- aperson_hello 3y agoIn this case, the high customer satisfaction resulted in additional high net worth customers, which made them more susceptible to a bank run!