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Fourth USA Bank Collapses - First Republic Fails After Bank Runs & Concerns Rise Over 2023 & New GFC
First Republic Bank has COLLAPSES after it lost over $100 BILLION in Customer Deposits in Q1 2023. This Run on the Assets was despite First Republic receiving almost $120 Billion Bailout from the Fed and $30 Billion from other USA Banks. In this video I look at the current situation for First Republic & Credit Suisse and discuss the possibility of seeing another Banking Crisis and more bank failures in 2023.
Chapters:
0:00 Intro
4:14 FIRST REPUBLIC FAILURE
6:46 USA BANK FAILURES
12:10 SUMMARY & CONCLUSION