Arthur Hayes commented that the US authority’s seizure of the First Republic Bank has been a political paralysis to capitalize the bank. Read more on CE.
- Arthur Hayes commented on his perspectives on the US authority’s closure of the First Republic Bank.
- The BitMEX co-founder posited that the FDIC’s move has been a political paralysis.
- Hayes added that the politics regarding banking and finance is toxic.
Arthur Hayes, the American entrepreneur, and co-founder of the crypto exchange BitMEX invited the Twitter community’s attention to his perspectives on the US government’s recent seizure of California’s First Republic Bank. He commented that the Federal Deposit Insurance Corporation’s (FDIC) move has been a “political paralysis” to capitalize the “non-TBTF” bank.