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Chris DeMuth's State of the Markets for March 2023

Yet Another Value Podcast

CHAPTER

The Dark Side of Working at Private Equity

First republic is the commercial bank equivalent of a soft dollar account. This is buttering up agents to get them to do things for the money they're responsible for. The top 10 accounts Silicon Valley Bank was $16 billion of deposits. That wasn't people who neglected to notice that that was somewhat over the $250,000 FDIC cap.

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