The head of finance at our company was in line all day this morning to transfer the company's money out of First Republic in South Bay. He said that the parking lot was filled with Ferraris and Porsches all illegally parked because there was no space left.<p>Monday is going to be a very interesting day. If a buyer isn't found for SVB and possibly First Republic before the open on Monday, it might be a really bad day on the markets.
I gather moderntreasury.com is private company. It is slightly confusing - at first glance I thought this page and this info was connected to US Treasury Department.