FRC News and Press, FIRST REPUBLIC BANK From 03/17/23

2023-03-17 07:20:15 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify First Republic Bank ( FRC ) sinks after suspending dividend following bank support. FedEx ( FDX ) stock flies higher as cost-saving efforts b...

2023-03-17 06:39:15 ET Summary XLE bulls who eagerly jumped on board during the December 2022 and January 2023 highs are now being pummeled by its recent steep decline. Our warning to investors that XLE's strength was unsustainable has come to fruition. The recent banking crisis h...

2023-03-17 06:14:49 ET The U.S. banking system remains sound, Treasury Secretary Janet Yellen assured the Senate, saying Americans can "feel confident" that their deposits will be there when they need them. "This week's actions demonstrate our resolute commitment to ensure that...

2023-03-17 05:53:22 ET Summary PacWest Bancorp has lost 57% of its value in the last week. However, the fear barometer is off the charts, potentially indicating a situation in which high-risk investors could earn significant alpha. The Fed's deposit backstop is an effective wa...

2023-03-17 03:05:00 ET Summary The Fed and U.S. Treasury have made to decision to back-stop depositors at U.S. banks – a liability that could potentially hit $2 trillion. However, the scale of the problem this time, compared to 2008, is multiples larger. Aside from what...

2023-03-16 19:24:00 ET The stock market has been extremely concerned about the state of the banking system, with several banks already having failed and others seemingly under pressure. So it came as little surprise that when a plan to provide ailing First Republic Bank (NYSE: FRC) ...

2023-03-16 16:28:30 ET First Republic Bank ( NYSE: FRC ) dropped 12% in after hours trading after announcing it was suspending its dividend after big banks pledged the troubled lender $30 in deposits. "The Bank is focused on reducing its borrowings and evaluating th...

$30 Billion in Uninsured Deposits Committed from America’s Largest Banks First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will receive uninsured deposits totaling $30 billion on March 16, 2023 from Bank of America, Cit...

2023-03-16 13:55:40 ET Shares of First Republic Bank ( NYSE: FRC ) have almost doubled in recent hours following reports that a group of big banks are in talks to grant aid to their regional peer. First Republic could soon see a boost to liquidity On Thursday, anonymous sour...

2023-03-16 13:16:26 ET First Republic ( NYSE: FRC ) reversed course and soared 22% after a report that the nation's biggest banks are close to a deal to deposit about $30 billion as the U.S. government works to rescue the troubled lender. Banks including JPMorgan ...