Yesterday, the share price of First Republic Bank fell by circa 48 %, after First Republic posted its 1 Quarter 2023 financial earnings report.
A sign of financial crisis for First Republic by all accounts, according to many analysts.
Actually, First Republic has 232.9 billion USD of Assets as of 31 March 2023, a bit more than Silicon Valley Bank, which went into administration recently and was essentially one of the largest bank failures in US history in terms of assets.
Wolfteam is of the opinion, that we are in a midst of a financial crisis that could turn out bigger than the 2008-2009 financial crisis.
Both regulators, Federal Reserve, bank employees, institutional and individual investors and last. but not least consumers must be vigilant, so the US and the world avoids a financial calamity, Wolfteam Ltd. is of the opinion.
Disclaimer: The above blogpost is not a recommendation or solicitation to buy or sell securities or derivatives
www.wolfteamedge.com
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