Reports of Problems at First Republic Bank But Could Shorts
by Brian Wang from NextBigFuture.com on (#69Q66)
First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors worried of a spill-over of risks from troubled startup focused-bank SVB Financial Group. BREAKING UPDATE : The US Government will cover the deposits 100% and funds will be available Monday. Any losses will be ...