Big Banks Agree to Historic $30B Deposit Injection in First Republic

Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by credit_guy on Friday March 17, 2023 @08:09AM (#35195977)

The upside should be (and hopefully is) a good interest rate on that deposit. Let's say Fed Funds plus 5%.

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Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by eloff on Friday March 17, 2023 @08:15AM (#35196038)

I read in one news article that they got the same terms as all the other depositors at FRC, so the interest rate is negligible.

Obviously the real benefit to them is calming the panic in the banking sector, which is harmful to all of them.

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Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by pjc50 on Friday March 17, 2023 @08:10AM (#35195984)

.. does anyone have any evidence for this? It's not in the press release.

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Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by chii on Friday March 17, 2023 @08:11AM (#35195997)

These banks that would've gotten a run could accept a loss here, as long as it's in the future and can be funded. It's better than a run.

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