(Recap:Rich dad warned: “the third Bank of America” will go bankrupt! KOL Explosion: It’s the First Republic Bank）
(background supplement:The Sacrifice of U.S. Dollar Raising Interest Rates: The Origins of the Silvergate and Silicon Valley Bank Crisis）
exist After the collapse of Silvergate and Silicon Valley Bank this week, Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted at 1 pm today that the US Federal Deposit Insurance Corporation (FDIC) has entered the First Republic Bank of the United States (First Republic Bank) on site.
Mike Alfred pointed out that the FDIC is trying to determine the best way to protect depositors. Given that the acceleration of bank runs has reached a critical point, things are developing much faster than expected. The First Republic Bank has restricted the remittance of funds from the 11th local time. At the end of the 11th, the wire transfer transaction will be completely stopped. At present, the wording of the bank’s wire transfer transaction has been changed to “Thank you for your transaction, we will reply as soon as possible.”
Confirmed just now that First Republic started throttling outbound wires today.
— Mike Alfred (@mikealfred) March 12, 2023
Previously, Robert Kiyosaki, author of the financial bestseller “Rich Dad Poor Dad,” announced on the 11th that the third bank was regarding to close down. Cryptocurrency KOL Andrew quoted sources earlier today as saying that First Republic Banks are on the verge of bankruptcy and employees are preparing for the worst.
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