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Heresy Financial
May 2, 2023
The second largest bank failure in United States history has just taken place. Now, I know you’re probably thinking this is old news. Silicon Valley Bank collapsed two months ago, right? That’s right.
But this is the new second-largest bank failure because it’s bigger than Silicon Valley Bank. This time it is First Republic Bank. Over the weekend of April 29th, regulators were preparing to seize First Republic Bank and trying to find a buyer and find a buyer.
They did as Chase decided to take the bait, claiming they fixed this portion of the banking crisis. So why did First Republic Bank fail? More importantly, who is next? And finally, what can you do to keep your money safe?
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