![]() “Too many (First Republic) customers showed their true loyalties were to their own fears,” wrote Timothy Coffey, an analyst with Janney Montgomery Scott, in a note to investors.Ī coalition of a dozen banks pulled together a $30 billion funding package for First Republic last month that, for awhile, seemed to stanch the bleeding of deposits. As was the case with Silicon Valley Bank and Signature Bank, First Republic clients with large accounts were quick to pull their money at the first sign of trouble. These banks had large amount of uninsured deposits - that is, deposits above the $250,000 limit set by the FDIC. ![]() In return, the wealthy rarely defaulted on their loans and parked substantial sums of money in the bank that could be lent elsewhere.īut that business model of catering to the rich became a liability with the collapses of Silicon Valley Bank and Signature Bank. Its bankers lured in wealthy clients with low-cost mortgages and attractive savings rates in order to sell them on higher profit businesses like wealth management and brokerage accounts. Its well-appointed branches served warm cookies to its clients - who were almost exclusively the rich and powerful. The Sports Authority of Andhra Pradesh has mentioned this on their Twitter and wrote, "Rishita, a 5-year-old girl from Tanuku town in the West Godavari district of Andhra Pradesh, set a world record for longest limbo fire skating under the guidance of coach Lavanya.Before this year, First Republic was the envy of the banking industry. He also presented the trophy and medal along with the award to Rishita thus giving her place in the World Record for the longest limbo fire skating. He also mentioned that what has just been the boy's sport to date was taken over by a girl for the first time in global history. The CEO of Vajra World Records, Tirupati Rao, mentioned that this was the first time ever in the world that someone as young as 5 years has shown outstanding excellence in Limbo Fire Skating. On top of everything, Rishita has done Limbo skating under the fire that could throw severe injury even under the slightest imbalance. Limbo skating requires the skater to spread themselves parallel to the ground while driving, overcoming the obstacles that are placed at an extremely low height, demands a high amount of flexibility, coordination and strength. ![]() This outstanding feat that was hosted by Vajra World Records left everyone jaw-dropped. Wait, What? Yes, a five-year-old girl set on to skate under a horizontal bar placed at as low as 8 inches and that which was blazing in the fire. She wore skating shoes and was ready to skate under the obstacle. It was set on fire when a five-year-old girl appeared on the scene. The skating ring in Tanuku was set up at a height of 8 inches × 20 mts. The last week of February 2020, the skating world witnessed something amazing. Her parents recognized her flair for the sport and got her enrolled into formal training under an able mentor Lavanya. Rishita was interested in skating ever since she was a toddler. However, she has set a world record already. To tell about her story including her hobbies and interests, she hasn't even seen much of anything in life, not even the school to be frank. Rishita hails from Tanuku in the West Godavari district of Andhra Pradesh. So, why is that I am talking about Limbo skating now? Well, we have the news of a girl who did this and you will come to know what's so special about it if you read further. In this, the athlete drives on roller skates underneath an obstacle without touching it by splitting their legs apart and leaning the upper body forward with a face almost touching the ground. This is called Limbo skating or roller limbo. This sport is highly exciting and jaw-dropping and has been gaining prominence across the globe. Some skate under the cars while a few skate under horizontal poles. Amazed? There are many athletes who perform feats under obstacles. Have you watched the German show “Wetten dass”? If you have watched it, you must have seen a Chinese girl driving under a glass plate.
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