UBS analyst Erika Najarian on Friday said First Republic Bank does not have the same exposures as ailing technology sector lender SVB Financial Group the...
UBS analyst Erika Najarian on Friday said First Republic Bank FRC does not have the same exposures as ailing technology sector lender SVB Financial Group SIVB, the parent company of Silicon Valley Bank. “We believe FRC is no SIVB,” Najarian said. A recent meeting that UBS had with First Republic CEO Mike Roffler suggests that venture capital and private equity deposits were just 8% of bank’s total.
UBS analyst Erika Najarian on Friday said First Republic Bank FRC does not have the same exposures as ailing technology sector lender SVB Financial Group SIVB , the parent company of Silicon Valley Bank. “We believe FRC is no SIVB,” Najarian said. A recent meeting that UBS had with First Republic CEO Mike Roffler suggests that venture capital and private equity deposits were just 8% of bank’s total.
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