☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.ml · 2 years ago

First Republic Bank headed for FDIC receivership, says report, as worries of fresh sector turmoil grow

financialpost.com

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First Republic Bank headed for FDIC receivership, says report, as worries of fresh sector turmoil grow

financialpost.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.ml · 2 years ago

3

Another U.S. bank — First Republic — is likely headed for receivership reports said in a fresh sign that more banking turmoil is coming. Read on.

Shares of First Republic Bank today fell by another 50%, thereby falling more than 97% since the beginning of the year.

https://www.theguardian.com/business/2023/apr/25/first-republic-bank-shares-fall

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