Lessons From the Fall
JP Morgan’s acquisition of First Republic Bank’s assets for $10.6 billion last week (Reuters) marks the third bank failure in the US banking system, in the span of two months. Silicon Valley Bank was the first domino to fall, back on March 10. It was quickly followed by Signature Bank, just two days after.
In this article, NRI Manila’s Business Strategy Sector Head Allan Jr Tripon, will (1) discuss the key factors that led to First Republic’s fall and (2) analyze the financials of the top Philippine banks to assess the risk of a similar bank failure happening here in the country.
Lessons from the fall