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Pam and Russ Martens: Another FDIC-insured bank teeters, its stock price down 96% in a year
By Pam and Russ Martens
Wall Street on Parade
Thursday, September 14, 2023
There may be a lesson here: don’t put the word “Republic” in the name of your bank; don’t hold a lot of uninsured deposits; and don’t have wads of unrealized losses on your investment securities.
If those lessons sound familiar, it’s because they played out in stunning fashion earlier this year when the second, third and fourth largest bank failures in U.S. history occurred. ...
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