U.S. regulators have seized Republic First Bancorp$リパブリック・ファースト・バンコープ(FRBK.US)$and agreed to sell it to Fulton Bank, underscoring the challenges facing regional banks a year after the collapse of three peers. Republic Bank had about $6 billion in total assets and $4 billion in total deposits, as of Jan. 31, 2024. The FDIC estimated the cost of the failure to its fund will be $667 million. Apart from deposits, Republic also had borrowings and other liabilities of appro...
Mcsnacks H TupackZnWC:
That's not a good thing tho. Financial crisis creates inflation because they have to interject money into the economy thru spending.
ZnWC : Thanks for sharing. I wonder what impact the bank collapse will have on Fed decision to rate cut.
Mcsnacks H Tupack ZnWC: None. The banks equity is like 6 billion dollars. Chump change for the Fed to even think about considering it.
ZnWC Mcsnacks H Tupack: You need something big like a financial crisis and pandemic before they start cutting interest rate
Mcsnacks H Tupack ZnWC: That's not a good thing tho. Financial crisis creates inflation because they have to interject money into the economy thru spending.