Originally published at: https://infostormer.com/republic-first-bank-fails-and-gets-seized-by-feds/
There was another bank failure on Friday. Republic First Bank failed and was taken over by the feds. It’s assets are reportedly going to be taken over by Fulton Bank.
BREAKING: Republic First Bank has been seized and closed by regulators pic.twitter.com/oGxpaiKflQ
— Insider Paper (@TheInsiderPaper) April 26, 2024
There was a small series of regional bank failures last year. Silicon Valley Bank arguably the most prominent of these failures.
The problems in the banking system have not been fixed and one could argue are even worse considering the higher interest rates, all the bad loans etc.. This whole system is a house of cards.
My favorite economic doomer on JewTube Jeremiah Babe did a video on this recent bank failure if you want more details.