First Republic Collapse

First Republic Collapse Was Caused By Interest-Only Jumbo Loans

Generous Interest-Only Jumbo Loans To Super Wealthy Customers Is What Drove First Republic Over The Cliff It appears the First Republic collapse was caused by the bank giving out attractive multi-million dollar interest-only jumbo loans to wealthy clients. The failed bank sold loans with rock bottom interest rates to rich clients. Several of these clients […]

World's Oldest Bank

World’s Oldest Bank Could Be Italy’s Newest Ruin

World’s Oldest Bank, Banca Monte dei Paschi di Siena S.p.A.  Is In Big Trouble The world’s oldest bank, Banca Monte dei Paschi di Siena S.p.A.  or MPS as it’s known in the finance world is on the verge of collapsing unless the Italian government moves to nationalize it. A move that many in Italy don’t […]

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