Money The Daily Money: Was the First Republic Bank another victim of the Fed rate hikes? May 1, 2023May 2, 2023 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on The Daily Money: Was the First Republic Bank another victim of the Fed rate hikes? As in the case of Silicon Valley Bank and Signature Bank failure in March, failure of the First Republic Bank is being blamed on interest rate hikes.