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First Republic shares plummet after another S&P credit rating hit

Por: Fox Business Business March 20, 2023

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The Wall Street Journal chief economics correspondent Nick Timiraos discusses the macro impact from America's biggest banks bailing out First Republic Bank. First Republic Bank stock continued its free fall on Monday after the credit rating of the San Francisco-based bank was downgraded deeper into junk status by S&P Global. S&P cut the bank's credit rating three notches to B+ from BB+ on Sunday and warned that another downgrade is... + full article



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