Wealthy Customers Withdraw Billions from First Republic Bank

Top news right now is the First Republic Bank debacle with over 40 percent of Depositor funds withdrawn the bank is Teetering on the brink of bankruptcy Deposits would have declined over 50 Percent without a 30 billion dollar loan For major financial institutions however The bank's stock price has still fallen Over 90 percent marking a grave risk to Investor confidence and the stability of The banking industry the collapse of Silicon Valley Bank and Signature Bank Have also raised concerns about Increased consolidation and job losses While Janet yellen's mixed signals on Government intervention have left many Fearful for their savings stay informed By following next news for more breaking News on the financial sector