Gemini CEO Accuses Regulators of Double Standards FRC Crisis
Recall that First Republic Bank has been facing deep liquidity crisis at the time Silicon Valley Bank and Signature Bank met their waterloos last month. Through the help of top banking giants, a $30 billion deposit was lodged into First Republic Bank to help it shore up its liquidity. advertisement However, recent events that has seen the share price of the regional bank collapse by more than 65% since the start of the week has drawn more concerns from shareholders and depositors. As reportedly recently by Coingape, the US government has refused to bail out the ailing bank, further dragging down its liquidity crunch across the board. To Cameron, assuming First Republic Bank is crypto focused, regulators would have handled the fallout differently. The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Trending Stories ...