Regulation
CFPB report on BNPL shows consumers increased use of these layaway loans tenfold 2019-2021. As risks rise so will regulator scrutiny, even with Apple in the mix.
With First Citizens buying SVB assets & deposits, FDIC estimates insurance fund loses $20b & FDIC gains $500m in First Citizens stock
Will U.S. gov't broker a First Republic sale like Swiss did with Credit Suisse? FDIC has already sold 1 of 2 failed regional banks (Signature), and gov't already helped 11 big banks backstop First Republic.
Is First Republic dropping again because of dividend cut or sale rumors? Either way, First Republic rescue prevented broader contagion.
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