with Lael Brainard, the director of the White House's National Economic Council, during the executive's planned trip to Washington, according to a person familiar with the situation. The meeting was pre-scheduled and Reuters could not establish what was in the agenda. It comes as First Republic Bank's efforts to secure a capital infusion continued on Wednesday.
Even if it clinches a cash infusion, the lender will probably need to take losses on securities in its so-called held to maturity portfolio, the Morgan Stanley analysts wrote. In the worst-case scenario, First Republic's shares would sink to just $1, Morgan Stanley analysts estimated.
They better quickly make some large donations to the DNC, then they’ll get back stopped.
Oh nice! Friday is around the corner
Can’t she print more dollars as done earlier which allegedly lead to this situation 😎
Basic Saving & Checking accounts are GENERALLY covered up to $250K by the FDIC. But Money Market Accounts, Mutual Funds, certain bonds, & obviously stocks, should be diversified ASAP. Low to mid 5 figure accounts won't have to move as quickly as 6 figure accounts or greater.
History MONEY
FED is lying to people..Fed is letting banks collapse. The interest rate will rise again.. the fed will not be able to save the economy.. the economy and inflation will collapse
Welp this is the right move. The gov can’t keep saving banks unless they want to print trillions more and screw up any progress on bringing down inflation.
Wait until the financial dominoes begin to fall. The banking problems have just begun. The Fed's naive comments today along with another rate hike will add fuel to the fire. The 2008 financial crisis will seem like good times compared to what's coming.
Why has she changed her mind?
Plus several other bank stocks
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