FRC News and Press, FIRST REPUBLIC BANK From 03/13/23

2023-03-13 07:34:30 ET Shares of First Republic Bank ( NYSE: FRC ) have plunged on Monday morning by more than 50% as the financial institution is the latest bank to feel the aftermath from the Silicon Valley Bank ( SIVB ) collapse.  As a result, many exchange traded fu...

2023-03-13 07:21:34 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Silicon Valley Bank ( SIVB ) depositors to have access to all funds on Monday. Federal Reserve creates lending facility for banks . Signature Bank ( SB...

2023-03-13 06:19:18 ET First Republic ( NYSE: FRC ) shares fell 61.03% in premarket trading, amid fear that Silicon Valley Bank's woes would spread to other banks in the tech-focused region, despite government intervention. Investors have grown wary of F...

2023-03-13 00:02:35 ET First Republic Bank ( NYSE: FRC ) stock price has rebounded sharply after tumbling heavily last week. The stock, which plunged to a low of $46.21 on Friday, ended the week at $81.95. It is expected to open sharply higher on Monday after the US moved to protect...

2023-03-12 23:23:48 ET Summary The FDIC announced the closure of New York-based Signature Bank over the weekend, along with guarantees for Signature Bank and failed Silicon Valley Bank. This marks the third major bank closure in less than a week, and if not for SVB falling first, ...

2023-03-12 20:13:30 ET First Republic Bank ( NYSE: FRC ) said Sunday it has enhanced and diversified its financial position through access to additional liquidity from the Federal Reserve Bank and JPMorgan Chase ( NYSE: JPM ), bringing the San Francisco-based bank'...

Capital and Liquidity Remain Very Strong First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today said it has further enhanced and diversified its financial position through access to additional liquidity from the Federal Reserve Bank and JPMorgan Ch...

2023-03-12 11:57:25 ET Summary First Republic Bank has fallen victim to the woes regarding the SVB Financial Group. The bank operates aggressively with deposits, including tight liquidity and many deposits exceeding FDIC limits, while having limited earnings power to increase rate...

2023-03-12 10:18:50 ET The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve are considering forming a fund that would allow regulators to backstop deposits at banks should more regulated financial institutions run into trouble after Silicon Valley Bank ( SIVB ) col...

2023-03-12 06:33:24 ET Summary Some banks have paper losses on their debt holdings as high as 67% of their current stock price. As interest rates rose sharply the last 15 months because the Fed increased their Fed Funds target, bond prices dropped sharply. Most of the informat...