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Shares of First Republic and Credit Suisse tumble despite new capital

Por: CBS News Nation March 17, 2023

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First Republic Bank and Credit Suisse shares tumbled Friday, resuming downward slides that were interrupted on Thursday when both banks received pledges of emergency funding aimed at shoring up their beleaguered finances.First Republic Bank plunged 33% on Friday, closing at $23.03, while Credit Suisse slipped 7%, ending the day at $2.01. The declines come after First Republic shares gained on Thursday, while Credit Suisse shares were unchanged,... + full article



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