Updated: April 28, 2023, 03:56 PM IST
livemint
Big bank failures spreading across America… MoreBig bank failures are spreading across America like a contagious disease. It’s been almost a month since the failure of Silcion Valley Bank rocked the US banking industry. And now, it looks like another major US bank may be headed down the same path. First Republic, a major US bank, is expected to have $213 billion in assets by the end of 2022, of which about $167 billion are loans and $32 billion are bonds. $176 billion in deposits, $7 billion in short-term borrowing, and $9 billion in long-term borrowing were used to finance it.