First Republic Bank
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https://www.cnn.com/2023/04/24/business/first-republic-bank-q1-earnings/index.html
First Republic Bank is one of those regional banks that, following Silicon Valley Bank's bank run, was propped up by a $30 Billion injection by a bunch of other big banks. Now First Republic Bank is saying it will cut 20%~25% of its employees.
Let's hope this won't be the harbinger of another string of bank collapse.
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Its deposit tumbled more than $100 Billion in the first quarter.
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https://amp.cnn.com/cnn/2023/05/01/business/first-republic-purchase-hnk-intl/index.html
First Republic Bank took over by the government then bought by JPMorgan Chase.
