now there are lines withdrawing from First Republic. Question to those who know better... all my "digital" savings are with Bank of America and Chase (eight-digits) - these are biggest banks in the US. Should I be concerned?
These banks are too big to fail, so I would guess they will be net beneficiaries of the current panic. If you have 10x the FDIC limit, it's probably good to diversify, but it seems highly unlikely the govt would let either bank even come close to failing.
