Deposit outflows at First Republic Bank don’t tell us much more than we already knew about the state of the broader US banking sector. But it highlights the evidence of an ongoing credit crunch, and reinforces our view that “risky” assets are likely to underperform over the rest of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services