JP Morgan Chase acquires First Republic Bank
First Republic Bank has been touted as the “weakest link” in the US banking system after the collapse of the Silicon Valley Bank in March this year.
First Republic Bank has been touted as the “weakest link” in the US banking system after the collapse of the Silicon Valley Bank in March this year.
It isn’t just about high-interest rates impacting investment or bad biz decisions, but systemic promotion of unregulated or lightly regulated capital, low-interest regime and debt-fueled growth model