The nation's largest bank is taking in roughly $173 billion in loans, $30 billion in securities and $92 billion in deposits as part of the FDIC-orchestrated sale, expected to cost the Deposit Insurance Fund $13 billion.| Banking Dive
Why the banks really hate fintechs that allow businesses to learn your account number easily.| Bits about Money
Economist Michael Hudson on the collapse of four US banks in two months, JP Morgan Chase taking over First Republic Bank, regulatory capture| Geopolitical Economy Report
What role do central banks play in such philosophical concepts as “the social contract/compact” and the “consent of the governed”? That’s a pretty big rhetorical question, even for us. Central bank…| Convex Strategies
A brief retrospective on an attractive product First Republic used to offer, and a wider discourse on the banking crisis.| Bits about Money