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Domino Effect Feared After Collapse of Silicon Valley Bank, as First Republic Bank’s Shares Slump

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On March 10, Council of Economic Advisers Chair Cecilia Rouse told reporters that US Treasury Secretary Janet Yellen was closely monitoring the situation. 11.03.2023, Sputnik International
The future of First Republic Bank – the 14th largest in the United States – has triggered concerns amid speculations of a “domino effect” in the wake of Friday’s bankruptcy of Silicon Valley Bank, media reported.

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