The Great Reset: Bank run – 4th US bank, First Republic, rescued with a $229B bailout.

"First Republic Bank Credit Suisse has become the latest bank to be hit by the current banking crisis and has been forced to seek a $229 Billion Bailout from the Fed and other USA Banks over the past 7 days. 

"Despite this the Share Price has tanked and share trading was suspended 17 times in one day on Thursday 16th March. Investors and Customers are highly concerned and these concerns were not allayed by the bank announcing that despite the injection of the bailout funds it only has $34 billion in cash. This crisis comes after the collapse of Silicon Valley Bank, Signature Bank and the Liquidation of Silvergate Bank. 

"In this video Joe Blogs look at the current situation for Republic Bank, discuss the implications of the recent changes in USA Banking rules, provide details of the overseas parts of the SVB business and discuss the implications for the global economy."

More in the Joe Blogs video.

Location: United States

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