A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Bank of the First Republic FRC -21.37% fell more than 20% after the bank’s rating was downgraded by S&P Global and Fitch Ratings, which both pointed to the risk of deposit outflows from the bank. The stock closed at its lowest level since 2012 and is down more than 70% from a week ago. US … Read more
Bank of the First Republic FRC 26.98% and other regional lenders clawed back some losses after their worst selloff in three years, in a volatile trading session that reflected how investors were still pricing in regulators’ emergency measures to contain a banking crisis. Shares of First Republic, which slumped on Monday, closed up around 27% … Read more
