Por: Associated Press Business April 25, 2023
NEW YORK (AP) — Depositors at First Republic Bank pulled more than $100 billion out of the bank during last month’s crisis, as fears swirled that it could be the third bank to fail . San Francisco-based First Republic said Monday that it was only able to staunch the bleeding by depositing $30 billion in uninsured deposits. It said it now plans to sell off assets and restructure its balance sheet, and lay off as much as a quarter of its... + full article
ABC News USA Business April 25, 2023
NEW YORK -- Depositors at First Republic Bank pulled more than $100 billion out of the bank during last month's crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. San Francisco-based First Republic... + más
First Republic shares slide as Q1 report reveals 40% dip in deposits after banking crisis | Fox Business
First Republic clients pulled $100B in deposits during panic | Associated Press
Fox Business USA Business April 25, 2023
Steven Kandarian, former MetLife president, chairman and CEO, discusses whether another collapse like Silicon Valley Bank is lurking in the financial system on The Claman Countdown. Shares for dropped in after-hours trading following the San Francisco-based regional bank’s... + más
Republic First shares tank, traders confuse bank for plagued First Republic | New York Post
Why First Republic failed. Are other banks to follow? | Associated Press
New York Post USA Business April 25, 2023
Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis, as that it could be the third bank to fail after the . San Francisco-based First Republic said Monday that it was only after a group of large banks in... + más
New York Post USA Business March 31, 2023
Investors have been mistakenly dumping their stakes in Republic First Bancorp this month – all because they confused it with the troubled lender First Republic. Shares of Pennsylvania-based Republic First have plunged more than 30% since the start of the month as fears of a... + más
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The Boston Globe USA Business March 25, 2023
First Republic’s represents a who’s who of the city’s most prominent entrepreneurs and institutions: real estate developer Jon Davis, restaurateur Steve DiFillippo, Urban Grape cofounders TJ and Hadley Douglas, the Institute of Contemporary Art, MassChallenge, and many... + más
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Forbes USA Business March 21, 2023
Topline First Republic shares crashed to their lowest price ever after the San Francisco-based bank’s stock slid yet again Monday, as reports of a possible sale or capital raise First Republic’s already sinking market value may soon go the way of its worse-off peers and... + más
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MarketWatch USA Politics March 17, 2023
It held $34 billion in cash as of Wednesday, not including the additional $30 billion of uninsured deposits from the 11 banks. First Republic also disclosed that it borrowed between $20 billion and $109 billion at an overnight rate of 4.75% from the Federal Reserve between March... + más
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