Surveillance: JPMorgan To Acquire First Republic
Bloomberg Surveillance
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The Fed's Rapid Raising Rates
If the Fed raised rates so quickly that the banking model did not work, then what kind of follow-on effect do you expect in other regional banks? The issue though is will these banks make loans and extend credit? That to me is unlikely to happen. In other words, they're going to call in deposits or call in loans, try to raise deposits, revolving lines of credit won't be extended.That's bad for growth. So whether there is another systemic issue because of let's say bank mismanagement,. we'll call it with quotes, is sort of irrelevant as a monetary policy transmission mechanism.
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