First Republic Crash and Banking Crisis 2023 News

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[vivisimonvi]

"Don't mess with people's money" would make a good campaign slogan.

[MCC]

There is no way to fully protect your job. If the finances of the company dictate a reduction is needed, you are gone.

[empirefoundation]

Buffet already got his money tied into Bank of America

[larryo]

Your bank is having financial problems?
OK, here’s 30 billion.

[evanjames]

I work in healthcare and a "high" level director got laid off, won't say more for now.

[ducdao]

I actually interviewed for Virgin space a few years ago. Really glad I never took that job.

[tomjohnston]

I may be wrong, but the way I would interpret the French idea of "43 years for full pension" would be to compare it to the US's "benefit based on highest 35 years paychecks". In the US, if you work for example 25 years, then your average salary is based on 25 years of paychecks plus 10 years of $0. I very much doubt that the French "43 years" is a minimum to receive a pension in the same that the US's "40 quarters = 10 years paying in" is a minimum. Or perhaps I misunderstood what you meant.

[empirefoundation]

I'm a Chicago car dealer. Not manying buyers on the market, but dealers are still buying vehicles for over outdated high wholesale values...🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️

[MiKe_eKiM]

my brother work for this bank is his early twentys. weird to see it crash.

[dazedhavoc]

I have a large position in NYCB, let’s just say I’m a very happy man today. It jumped 33%! Not quite where I bought it, but close.

[individual]

Jamie Dimon is about to do a UBS on First Republic. Pennies on the dollar.

[azamarabear]

My money is on a 25 basis point hike this week by the fed

[motomusica]

I should just start a bank to get free money

[GaryThanosHudson]

Have you ever seen a credit union with the same problem?

[arnoldfarias]

Kevin is recommending that I draw out my credit lines, margin loans and Heloc loan. To have that cash sitting in a bank for an opportunity. What do you think?

[Moonraker]

Hi, Chris, if so many traders are shorting FRC, do you think that may be a short squeeze in a few days or weeks?

[strat]

70% of commercial real estate loans are held by mid sized banks in the US. The government just guaranteed the “on book” value of those loans despite the value of those assets dropping 60% - 80% in the first quarter 2023. Blackstone has already stopped payment on 300 million dollar loan on a building in Vegas (Hughes Centre). Commercial mortgage backed securities almost imploded to the tune of 2.2 trillion dollars of lost value. #Treppwire

[empirefoundation]

Citigroup should definitely be next. They have the biggest loses among the major banks. WaMu 2.0 Submitted

[youtubesucks]

Comment fire for the algorithm.

🔥🔥🔥