This doesn't seem inappropriate, but the news is moving so quickly here, I wonder if something published by NBC Bay Area yesterday at 5 PM is a particularly good source of information on how First Republic MAY or MAY NOT be failing.
Customer of FRB. My banker was quick and responsive to some tech support I needed. Didn't seem panicked at all. Just my perspective, take it for what it is
I think FRB will be fine, but FWIW you shouldn't take this as evidence in favor of that. I guarantee all their tellers and support techs were given explicit instructions to not give any signals that anything is wrong. In a nervous environment like this, one misspoken word from a firstline tech could be all it takes to start a panic.
I am going to open up an account in the next few days with a sizeable initial deposit. I do not want to see the banks consolidated to a few that the fed can control.
18 comments
[ 1355 ms ] story [ 1676 ms ] threadhttps://en.wikipedia.org/wiki/Dead_cat_bounce
no stock moves 65% down and then 50% up in two trading sessions based on fundamental research for long-term investors