Pre-Farewell to First Republic

The zombie bank is now in a staring match with potential purchasers and regulators. Ultimately, a failure of oversight caused this mess.


You can count on the Prospect, can we count on you?

There's no paywall here. Your donations power our newsroom as we report on ideas, politics and power — and what’s really at stake as we navigate another presidential election year. Please, become a member, or make a one-time donation, today. Thank you!