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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