Cracks in The Armor: Unveiling The First Republic Bank Failure

Prior to its failure, FRB was a California-based lender that served wealthy Americans with low-rate mortgages in exchange for cash, much as SVB, which catered to technology firms. However, things changed when the Federal Reserve (the Fed), started raising the benchmark interest rate in 2022 in response to escalating inflationary pressures in the world’s largest economy. Notably, the Fed increased the key policy rate by a cumulative 425bps in 2022, with rates now at their highest level since 2008. FRB’s assets suffered losses as a result, as did customer deposits, and the bank’s reputation was damaged.

Data on Top 100 Leading Fintech Cities in the World

The 2020 Global Fintech Ranking by Findexable is the first fully global fintech index covering more than 7000 fintechs in more than 230 cities across 65 countries. In partnership with 18 fintech networks and associations in different countries and continents of the world, the Findexable Global Fintech Index City Rankings ranks 7000 fintechs across 230 […]

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