Matt Levine, Columnist

First Republic Is in Limbo

Also FDIC insurance arbitrage and crypto money market funds.

April 27, 2023 at 6:41 PM UTC

Updated on

April 30, 2023 at 7:23 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back on Monday.

The two options with First Republic Bank are pretty much: