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Republic in turn went the way of so much banking flesh, being devoured in 1999 by HSBC Bank USA, the American division of the London-based bank, one of the world's largest.
Matthew Beesley, head of global equities at Henderson, said: "The promise of bonus shares for loyal shareholders tells you of their need to build a following, especially with so much banking issuance to come in the next few years.
(With so much banking distress, apparently one regulatory lamb must be slaughtered).
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But in the early 20th century the section around Obispo and O'Reilly Streets was home to so much bank construction it was nicknamed "little Wall Street".
He notes that interbank illiquidity reflects not so much banks' mistrust of one another as a loss of confidence in the banking market as a whole by those, such as money-market funds, which normally supply it with cash.He finds that these funds have shunned banks' short-term offerings, fearing that their money might not be paid back.
If capital gets more expensive, however, that juicy component of its cost will surely come under more scrutiny.Such fees are important because so much bank income in recent years has derived from volatile sources: trading securities and venture-capital investments.
It was amazingly radical, not just for its time, but for any time; it didn't so much reform banking as upend it.
A 2009 study for Britain's Financial Services Authority concluded that because periodic meltdowns do so much damage, banking systems should ideally be better capitalised and less volatile than they were before the crisis.
Committee chairman Andrew Tyrie said: "The 18,000 customers who received misleading letters from 'fake' law firms but, who have yet to be contacted by Wonga, are evidence that a lot more work is needed to change the industry's culture, as with so much of banking".
It does not matter so much if banks and investors get it wrong.
Alfa is about to open a sleek new branch that resembles not so much a bank as an Internet café.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com