: Deposit drops at First Republic and other banks merit a close look for systemic cracks, ex-Fed officials say

by | Apr 26, 2023 | Stock Market

A first-quarter drop in deposits at First Republic Bank illustrates the widening challenge to regulators after the collapse of Silicon Valley Bank, former Federal Reserve officials said Wednesday. The struggling regional bank’s FRC $100 billion decline in first-quarter deposits should be closely watched by regulators as they weigh potential systemic risks, Sarah Bloom Raskin said Wednesday. The…

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