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According to the blog's author, $212B dollar bank lost $100B in customer deposits in a single quarter, and there's "no reason to panic over First Republic’s col
by Jupe 3y ago
According to the blog's author, $212B dollar bank lost $100B in customer deposits in a single quarter, and there's "no reason to panic over First Republic’s collapse" because "folks aren’t paying enough attention to the details."
Apparently, this is not a general pattern, just another isolated instance of a bank failing due to risky business. That's 3 in past couple months. Let's hope there aren't more.
- simonblack 3y agoThat's 3 in past couple months. Let's hope there aren't more. I saw a chart in the last few days, maybe on Zero Hedge, I can't remember exactly. That chart showed the hundreds of failed banks in the 2008 GFC as sized circles. The chart also showed the recent banking collapse with just three sized circles (and that's just so far, more to come). The point of the chart was that the three bank collapses so far total more dollars than all of the failed banks' losses in the GFC of 2008.