Saturday night i decided to take a look at all major bank charts. I called 3 potential 'dangerous ones' and ended up guessing 2 of them right. One of them was First Republic. (you can ask me for proof if you are interested to confirm this).
āFirst Republicās capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks,ā Jim Herbert, First Republicās founder and executive chairman, and CEO Mike Roffler said in a statement.
First Republic lists $213 billion in assets. The lender reached out to customers over the weekend in a bid to reassure them.
āIn light of recent industry events, the last few days have caused uncertainty in the financial markets,ā First Republic senior executives said in an email to clients viewed by CNN. āWe want to take a moment to reinforce the safety and stability of First Republic, reflected in the continued strength of our capital, liquidity and operations.ā
The federal bank rescue announced Sunday should help ease some of the pressure on the banking system, Isaac Boltansky, director of policy research at BTIG, told CNN.
āBut this is not a permanent solution and this will not be the final chapter in this story,ā he said.
What's next?
Uncertainty.. I hope all goes well but in the meantime remember to look at Bitcoin . Just my humble opinion, perhaps I am right.
One Love,
The FXPROFESSOR
āFirst Republicās capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks,ā Jim Herbert, First Republicās founder and executive chairman, and CEO Mike Roffler said in a statement.
First Republic lists $213 billion in assets. The lender reached out to customers over the weekend in a bid to reassure them.
āIn light of recent industry events, the last few days have caused uncertainty in the financial markets,ā First Republic senior executives said in an email to clients viewed by CNN. āWe want to take a moment to reinforce the safety and stability of First Republic, reflected in the continued strength of our capital, liquidity and operations.ā
The federal bank rescue announced Sunday should help ease some of the pressure on the banking system, Isaac Boltansky, director of policy research at BTIG, told CNN.
āBut this is not a permanent solution and this will not be the final chapter in this story,ā he said.
What's next?
Uncertainty.. I hope all goes well but in the meantime remember to look at Bitcoin . Just my humble opinion, perhaps I am right.
One Love,
The FXPROFESSOR
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