Are bank runs and financial contagion incoming?

[Wales-Bales]

Thanks. Still. I think that despite the best efforts of ResetWorld to talk this up as the beginning of a global contagion I think this is a localised issue around a bank too dependent on hi-tech stocks that will be managed by the Fed.

First Republic Bank Enters New Free Fall as Concerns Mount

The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.

https://www.nytimes.com/2023/04/25/b...ock-price.html

Where's Blippy?