Crisis Looms: Another Bank Fails Amidst Shadow Banks and Zombie Offices
Simmering Banking Crisis Set to Reignite The long simmering banking crisis could be heating up again. Regulators were forced to close Republic First Bank. The regional lender imploded under the weight of declining deposits and a collapsing commercial real estate portfolio. The FDIC seized roughly $6 billion in assets and $ 4 billion in deposits. … Read more