info through news is limited. anyone having accounts visited the bank or talked to any banker ?
All my bankers are busy moving my deposits out.Taking a big position in Bitcoin.You must do that too. (Disclaimer: Not a financial advice)
That’s a safe strategy 👍
luv it. no matter what happens, theres always someone using it as an excuse to tell others to buy BTC
I have 20k in first republic checking but a 100k line of credit with them at 3.9% interest. If they go under, do I keep my 100k, lose the 20k, so profit 80k?
FDIC insured in any case.
What happens to my 100k line of credit? Do I get to keep it?
Bankers know nothing. It’s worse than asking ICs about layoffs and company stock price
If you have under $250k cash there, I wouldn’t worry about it.
https://www.wsj.com/articles/first-republic-hit-by-svb-failure-7431495e?mod=wsj_RHF In its annual report, First Republic said the fair-market value of its “real estate secured mortgages” was $117.5 billion as of Dec. 31, or $19.3 billion below their $136.8 billion balance-sheet value. The fair-value gap for that single asset category was larger than First Republic’s $17.4 billion of total equity.
Yes.
Yes at risk or yes you visited a branch
Yes