FRC News and Press, FIRST REPUBLIC BANK From 03/15/23

2023-03-15 07:23:59 ET The US financial system is precariously positioned following the failures of Silvergate ( NYSE : SI), Silicon Valley Bank ( NASDAQ : SIVB) and Signature Bank (NASDAQ: SBNY). Regulators have stepped in with emergency measures to contain the fallout ...

U.S. stocks rallied Tuesday, boosted by a rebound in regional banks after they sold off in the previous session. The Dow Jones Industrials regained 394.43 points, or 1.2%, to 32,212.39, as it tries to end a slump of five straight days. The S&P 500 recovered 70.57 points, or 1.8%, to 3...

2023-03-14 11:05:55 ET Summary First Republic Bank fell ~60% on March 13 on fears that it could be the second bank to experience a run after SVB's fall. FRC's asset base is much more heavily weighted toward long-term loans, which makes it less susceptible to losses compared to SVB...

2023-03-14 10:46:28 ET Regional banks are financial institutions that provide banking services to customers within a specific geographic area, such as a state or a region. These banks often have a more localized focus than larger national banks and may specialize in serving small businesses...

2023-03-14 10:28:53 ET First Republic Bank ( NYSE: FRC ) shares are trading around +50% on Tuesday, marking a rebound after the stock tumbled as much as -78% the previous day. The stock suffered a record rout amid the failures of Silicon Valley Bank ( SIVB ) and ...

2023-03-14 10:27:27 ET Summary PacWest has come under severe pressure, as the market fears a run on deposits similar to SVB and an un-survivable squeeze on liquidity. Tech companies make up a significant percentage of PacWest's deposits, but the U.S. government has thus far backst...

2023-03-14 09:43:11 ET Ratings agency Moody's downgraded shuttered Signature Bank's ( NASDAQ: SBNY ) credit ratings into junk territory and withdrew its future ratings, while placing ratings of six other lenders under review for downgrade. The banks on review are Firs...

2023-03-14 09:35:26 ET Summary First Republic Bank's shares have been hammered on fears that the bank will see a run on its deposits push it into failure, as what happened at SVB and Signature. First Republic is in relatively better shape, including a higher ratio of tangible equi...

2023-03-14 09:33:12 ET Summary Citigroup Inc. investors were hammered as a broad risk-off move also affected the big banks. However, Citigroup has ample liquidity and relatively manageable exposure on its debt securities portfolio. Citigroup has also benefited from the recent ...

2023-03-14 08:18:42 ET Summary First Republic Bank took a beating recently, as concerns mount over its ability to remain in stable condition. This follows real pain that should have been seen from a mile away that has impacted similar financial institutions. Risk absolutely ex...