Por: Associated Press Business May 01, 2023
First Republic Bank has become the second large regional bank with assets over $200 billion in just a few weeks. Like Silicon Valley Bank, which on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly but may have also contributed to its undoing. The bank’s business model left it susceptible to a sudden rise in interest rates. Since the collapse of Silicon Valley Bank — and — investors have... + full article
Time USA Nation May 02, 2023
First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly... + más
Republic First shares tank, traders confuse bank for plagued First Republic | New York Post
First Republic shares continue to slide despite $30B cash infusion | Fox Business
ABC News USA Business May 01, 2023
First Republic gets $30 billion in deposits from 11 major U.S. banks, but stock resumes slide as it suspends dividend | MarketWatch
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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Fox Business USA Business March 20, 2023
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... + más
First Republic Shares Crater To All-Time Low As Bank Reportedly Taps JPMorgan To Explore Possible Sale | Forbes
Business Insider USA Business March 17, 2023
Jump to 0 An icon in the shape of a person's head and shoulders. It often indicates a user profile. An icon in the shape of a person's head and shoulders. It often indicates a user profile. All Featured About Follow Subscriptions US Markets Loading... H M S In the news... + más
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New York Post USA Business March 17, 2023
Top executives at embattled lender First Republic Bank reaped a combined haul of nearly $12 million by dumping stock just before chaos unfolded in the banking sector – including sales that occurred as recently as this month. The stock sales are drawing scrutiny as the... + 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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