Soon “Game Over” for the First Republic Bank? – If rulers and regulators were 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 turmoil. The first domino that will have been the Silicon Valley Bank (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 the reports including CNBC, the very latest worries this Thursday, March 16, 2023 come to us from First Republic Bank. Indeed, the actions of the latter again lose -30%which represents a total valuation loss of -75% (!) since the beginning of this month of 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 mentioned previously, the day Satoshi Nakamoto invented Bitcoin (BTC) is perhaps happening right before our eyes.
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