First Republic plunges on expectation of seizure by FDIC - BNN Bloomberg

Canada News News

First Republic plunges on expectation of seizure by FDIC - BNN Bloomberg
Canada Latest News,Canada Headlines
  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

First Republic Bank shares fell as much as 54 per cent in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments.

BCE CEO says tech hiring & donations continue despite tough economyManulife CEO on diversification, insurance demand and digital transformationRestaurant Brands' CEO change is 'all about accelerating growth': Executive chairmanReed Hastings explains why he's stepping down as Netflix CEO in blog postSBF sent back to Bahamian jail after catching lawyer

off guard with U.S. extradition planWomen making small gains, but still troublingly under-represented in the C-suiteDominic Barton on Canada-China relations, future at Rio TintoWorld's richest family loses US$11.4B in Walmart routFirst female bank CEO in Canada leads with younger self in mindElon Musk and Jeff Bezos now worth almost half a trillion dollars

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BNNBloomberg /  🏆 83. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Republic Bank shares gain on hopes of rescue dealFirst Republic Bank shares gain on hopes of rescue dealFirst Republic’s stock has more than halved so far this week. Since the start of the year, it has lost nearly 95% of its value, making it the worst performing S&P 500 stock
Read more »

First Republic Bank headed for FDIC receivership, says report, as worries of fresh sector turmoil growFirst Republic Bank headed for FDIC receivership, says report, as worries of fresh sector turmoil growAnother U.S. bank — First Republic — is likely headed for receivership reports said in a fresh sign that more banking turmoil is coming. Read on.
Read more »

Deutsche Bank to cut 800 jobs in new cost-saving drive after reporting strong first quarterDeutsche Bank to cut 800 jobs in new cost-saving drive after reporting strong first quarterThe latest effort to trim Deutsche Bank’s work force reverses a staff buildup of recent quarters
Read more »

First Republic expected to collapse by Monday, but Fed won’t pivot - Michael LeeFirst Republic expected to collapse by Monday, but Fed won’t pivot - Michael LeeMichael Lee, Founder of Michael Lee Strategy, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News to discuss the unfolding banking crisis in...
Read more »

First Republic meets its ‘end', ‘financial calamity' will send gold above $5k - Michael LeeFirst Republic meets its ‘end', ‘financial calamity' will send gold above $5k - Michael LeeFirst Republic meets its ‘end', ‘financial calamity' will send gold above $5k - Michael Lee banking gold recession
Read more »

U.S. Federal Reserve faults Silicon Valley Bank executives, itself in bank failureU.S. Federal Reserve faults Silicon Valley Bank executives, itself in bank failureThe report also points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems
Read more »



Render Time: 2025-02-27 09:58:40