On one level, the failed bank's narrative mirrors the interest rate misplay and depositor panic at Bay Area neighbor Silicon Valley Bank. But it's also a deeply personal story about Herbert, who founded First Republic in the 1980s, championed its aggressive growth and failed in a last-ditch attempt to engineer a private-sector rescue.
The San Francisco bank reported a 26% increase in its third-quarter earnings, thanks to robust single-family, multifamily and commercial real estate loan activity in New York, Boston and its home city.
The San Francisco bank reported a 26% increase in its third-quarter earnings, thanks to robust single-family, multifamily and commercial real estate loan activity in New York, Boston and its home city.
The gold medal is the top award presented annually by the
American Institute of Architects (AIA) to a professional whose work has had a lasting influence on the theory and practice of architecture. Since the gold medal was established in 1947, the AIA has honoured the work of important architects from all over the world with the award, from such historic masters of the Modernist movement as
Frank Lloyd Wright, Walter Gropius, Ludwig Mies van der Rohe, and Le Corbusier to such well-known and popular contemporary architects as Norman Foster, Frank Gehry, Tadao Ando, Renzo Piano, Denise Scott Brown and Robert Venturi, and Richard Rogers, to mention only a few.