First republic got a $30 billion lifeline from 11 different banks on Thursday afternoon. About 70% of its deposits were uninsured, which is the third highest behind Silicon Valley bank and Signature bank. An attorney said if first republic fails, that's going to signal wider trouble in the real estate market.
Let's talk about last week. The Real Deal’s Deconstruct explains the catalysts behind the collapse of Silicon Valley Bank and Signature Bank last week and the lasting impact on regional banks, real estate lending and the Fed’s next steps.
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