How Much More Stress Can These Markets Handle?
Real Vision: Finance & Investing
00:00
The Role of the Banking System in the Economy
The big news of the day is what's happening over at First Republic. FRC, if we could bring up that chart, I just wanted to show our viewers this. We're off almost about 30% here on the day. Five day chart, we're off nearly 60%. When we look on a year to date basis, First Republic bank off 95% plus year to date. The banking system obviously is the oxygen of the economy, particularly for small businesses.
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