Damus
Futurist-n-SuperConnector · 152w
" ... First Republic received its second credit-rating cut in days from S&P Global Sunday, despite last week's injection of deposits totaling $30 billion by 11 big banks, including JPMorgan ** and Bank of America. ** Customers alarmed by the collapse of neighboring Silicon Valley Bank have rushed to...
James A Lewis · 152w
Half! That's pretty fast and surprising they didn't completely go under. That $30B loan really helped, I'm sure. That's what you get for fractional reserve lending. Eventually, that will go away.
Futurist-n-SuperConnector · 152w
Wells is def protected. So many scandals (I can name at least 3 w/ a little mind-nudge ) and not broken into pieces.