First Republic's unique problem

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April 17, 2023

A First Republic Bank branch in Santa Monica, California, US, on Monday, March 13, 2023.  Photographer: Lauren Justice/Bloomberg

Read the story First Republic — which has lost almost 90% of its market value this year — is facing different problems than the ones that contributed to the collapse of SVB and Silvergate Capital. Instead, its low-interest rate loans to rich clients are dragging on earnings and hindering a potential sale.  Read The Big Take.

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