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According to the New York Times, the bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March.


  1. Where does this failure rank in size as far as U.S. history goes?
  2. Which bank was First Republic sold to and what is your opinion why?
  3. Who lost the most money in the deal?


Cowley, S. (2023). In An Unsteady Banking Industry, First Republic’s Problems Stood Out. The New York Times, May 1 (Retrievable online at