Skip to comments.
Philly lender Republic First Bancorp seized by feds in latest regional bank collapse
New York Post ^
| April 26, 2024
Posted on 04/26/2024 6:17:46 PM PDT by george76
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-24 last
To: george76
I CAN”T BELIEVE FUTON BOUGHT IT>THAT”S A SMALL BANK TOO>
21
posted on
04/27/2024 5:46:15 AM PDT
by
fatima
To: stig
“ I have never seen an article as to why this practice was so wide spread in the industry.”
Reserves are highly regulated. Government debt is considered a “safe harbor” (free from regulatory problems) for banks. When yields for short term treasuries was near zero 10 year rates at 1% or so looked attractive at the time.
Some banks overdid it.
22
posted on
04/27/2024 7:12:12 AM PDT
by
jdsteel
(PA voters elected a stroke victim and a dead guy. Not a joke. )
To: lightman
✔
23
posted on
04/27/2024 7:22:53 AM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Zhang Fei
Commerce CEO lives in south Jersey down next town over from me (in a way nicer house). It was indeed a local that went sorta regional.
24
posted on
04/27/2024 5:44:36 PM PDT
by
pepsi_junkie
("We want no Gestapo or Secret Police. F. B. I. is tending in that direction." - Harry S Truman)
Navigation: use the links below to view more comments.
first previous 1-20, 21-24 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson