What Happened to First Republic Bank?
A high level of uninsured deposits due to its affluent customer base and marketing strategy.
Q4 2022, 2023:
A high level of uninsured deposits due to its affluent customer base and marketing strategy.
Loans book devaluing due to Central Bank raising rates, thus lowering chances of a capital raise from other banks using collateral as backing.
Unrealized losses in its Loans Portfolio skyrocketed to $4.8 Billion dollars at the end of December 2022 fr…
