First Republic Stock Plunges After Bank Rescue Plan

 A $30 billion deposit influx from biggest U.S. banks fails to calm jittery investors.

First Republic Bank FRC shares fell more than 30% Friday 17 March 

First Republic’s stock has lost nearly 70% of its value over the past week.

Still, the S&P and Nasdaq notched weekly gains. 

The Dow industrials posted a small weekly loss.

WSJ 17 March 2023

First Republic Cut to Junk by Moody’s After $30 Billion Rescue

The company’s share price tumbled 33% on Friday, an indication that investors remain unsatisfied.  

Bloomberg 18 mars 2023 k

First Republic Set to Get $30 Billion of Deposits in Rescue


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