Tuesday, March 21, 2023

First Republic Bank shares tumble: How vulnerable is the banking sector?

Why was so little reported about the third and actually first defaulting bank (i.e. First Republic) compared to Silicon Valley Bank and Signature bank? Strange!
I did not know until now that the Swiss government used possibly dubious emergency powers to force the merger of UBS and Credit Suisse. If someone like a shareholder of Credit Suisse was to file a suit this deal may be at stake!

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