For those who have been loosely following the unfolding banking crisis that began with a bank run on SVB in mid-March, you might be seeing the headlines about the meltdown of First Republic and thinking: Wait a second, wasn’t that whole bank crisis fixed a few weeks ago? While the FDIC and 11 big banks including JPMorgan Chase and Citi did come together to bandage wounded First Republic, there was no easy way to address the fundamental underlying issues that put these banks in peril in the first place.
Below, all the pressing questions about First Republic, answered.
