TechLife Chronicle

 The recent bankruptcy of Silicon Valley Bank (SVB) has caused First Republic Bank to face its largest crisis yet, with large-scale withdrawals and a steep decline in stock prices. This has led to anxiety in the market, with concerns that small and medium-sized U.S. banks could also face collapse. In response, Jamie Dimon, Chairman of JPMorgan Chase, is gathering large banks to come up with a strategy to stabilize First Republic. According to The Wall Street Journal (WSJ), Dimon is leading the preparation of measures to stabilize First Republic by considering ways to increase its capital with the CEOs of large banks. The options on the table include selling First Republic, injecting external capital, or direct investment by the banks. These banks are also beneficiaries of attracting deposits withdrawn from SVB and First Republic. The situation facing First Republic is dire. After the news of SVB bankruptcy broke on the 10th, First Republic's customers withdrew USD 70 billion, which...