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

https://www.wsj.com/articles/first-republic-stock-plunges-after-bank-rescue-plan-dividend-suspension-e18fa90c




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

https://www.bloomberg.com/news/articles/2023-03-18/first-republic-cut-to-junk-by-moody-s-after-30-billion-rescue



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

https://englundmacro.blogspot.com/2023/03/jpmorgan-m-fl-banker-satter-in-typ-300.html


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