Bitcoin Price To Hit $35000 In First Republic-Led Second Wave Of Banking Crisis
First Republic Bank is not the only bank at risk, 4–5 banks are currently facing bank deposit withdrawals in billions. Fed needs to print more money for rescuing cash-strapped banks on the brink of collapse. advertisement FDIC Receivership of First Republic Bank Likely This Weekend According to the Wall Street Journal, the FDIC receivership of First Republic Bank is to likely come this weekend. Moreover, banks including JPMorgan Chase & Co and PNC Financial Services are already preparing to buy First Republic Bank following the closure by the government. First Republic’s shares have been in free-fall since Monday, plunging over 75% to $3.51 at market close on Friday. During the after hours trading, FRC shares fell 33% to $2.33. Some Wall Street experts revealed that First Republic Bank is not the last to collapse as government agencies looking at four to five banks could fail in the coming months. Big banks including JPMorgan a...