Shares of First Republic Bank today fell by another 50%, thereby falling more than 97% since the beginning of the year.
https://www.theguardian.com/business/2023/apr/25/first-republic-bank-shares-fall
Shares of First Republic Bank today fell by another 50%, thereby falling more than 97% since the beginning of the year.
https://www.theguardian.com/business/2023/apr/25/first-republic-bank-shares-fall
Oh yeah completely agree, no countries outside the west want to hold dollars anymore. This directly shrinks the size of the US financial system.