First Republic’s Rich — and Vocal — Clients Take Time to Consider Moving Their Money
- They offered testimonials, now weigh loyalty against safety
- Big banks’ $30 billion of deposits bought First Republic time
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The California philanthropist and her Wall Street husband called First Republic Bank nothing less than a life partner. A New York real estate billionaire said it’s always there for him. The fast-food mogul in a wood-paneled room said he and the lender agree: success comes from trust.
Then the bank teetered.