Online Public Relations Thoughts

First Republic Bank was too late in finding a remedy for the bank run that savaged it and now is part of JPMorgan Chase & Co.  Its tight-lipped presentation to financial analysts didn't help its decline.  Its executives failed to instill confidence in customers and Wall Street so its stock continued to dive as deposits flowed out.  "JPMorgan said it will assume all of First Republic’s $92 billion in deposits—insured and uninsured. It is also buying most of the bank’s assets, including about $173 billion in loans and $30 billion in securities."  JPMorgan was the first bank to step up and help First Republic when its customers began to pull their insured and uninsured deposits.  So, the failure has burnished JPMorgan's reputation as much as it has tarnished what little was left of First Republic's.  That's the way capitalism works.