IPFS News Link • Central Banks/Banking
Reports of Problems at First Republic Bank But Could Shorts
• https://www.nextbigfuture.com by Brian WangFirst Republic is about the same size bank as Silicon Valley Bank. First Republic was a $30-50 billion bank in 2021 and up until a few weeks ago was over $20 billion.
First Republic is the 14th biggest bank in the USA.
The reports of problems at First Republic Bank could be made by people who are betting on the bank stocks failing. The shorts could be inciting bank runs. Billionaire Peter Thiel could have accelerated and helped the SVB bank run because he funded replacement digital banks.
NEW: Bank run in Los Angeles at a First Republic Bank branch.
— Collin Rugg (@CollinRugg) March 12, 2023
Biden's America: Bank lines today, bread lines tomorrow.pic.twitter.com/Gkme05ssIa