The Fed's Game Of "Make Believe" Comes To An End
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Regulators seized Republic First Bancorp, selling to Fulton Bank via FDIC. Challenges for regional banks post-collapse of Silicon Valley, Signature, and First Republic. 32 branches in NJ, PA, NY to reopen as Fulton Bank.
Regulators decided to seize Republic First after more than two years of turbulence, and reached an agreement with Fulton Bank to assume all of its deposits and 32 branches. ...
Republic First Bank became the latest smaller lender to succumb to pressures of higher interest rates on Friday when it was closed by regulators — with most of its deposits and assets acquired by Fulton Bank.
Regulators are preparing to seize Republic First Bancorp. and sell it to another financial institution, the Wall Street Journal reported Friday, as cracks…