“Game Over” for the First Republic Bank? – If governors and regulators are obsessed with the “Systemic Risk” what could represent, in their eyes, the cryptocurrenciesevery day of this news banking crisis proves to us, on the contrary, that they have nothing to do with it in the current slump. The first domino that will have been the Bank of Silicon Valley (SVB) is now collapsing the banks most taken by the throat by the sharp rise in key rates of the federal reserve (Fed) in the United States – and the European Central Bank (ECB) on this side of the Atlantic.
As reported by CNBC, the next best thing concerns this Thursday, March 16, 2023 we come from Bank of the First Republic. Indeed, the actions of the latter lost at nine -30%which represents the total share of the valuation of -75% (!) after the debut of this March.
At this rate of First Republic Bank’s fall, a new action from the Fed and the authorities, and regulators can no longer be ruled out. Another dying bank? As previously mentioned, The day after the invention of Bitcoin (BTC) by Satoshi Nakamoto is perhaps happening right before our eyes.
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