Banking crises rooted in a system that rewards excessive risk-taking -- as First Republic's precarious situation shows
- Written by Alexandra Digby, Adjunct Assistant professor of Economics, University of Rochester
Another bank on the brink. AP Photo/Jeff ChiuFirst Republic Bank is on the brink of collapse, a victim of the panic that has roiled small and midsize banks since the failure of Silicon Valley Bank in March 2023.
Should First Republic fail, it would underscore how the impact of risky decisions at one bank can quickly spread into the broader...
