America's biggest banks are reportedly hashing out a potential plan to rescue First Republic Bank, according to the Wall Street Journal.
Bond issued by First Republic Bank FRC were rallying on Thursday, even as its stock price remained sharply lower, as investors digested a report about a potential rescue plan for the California-based lender.
The lender’s 4.375% coupon bonds due August 2046 were pegged at a spread of 379 basis points over Treasurys, down from a intraday high of 451 basis points above the risk-free rate, according to MarketAxess. Investors have been concerned about regional banks since the collapse of Silicon Valley Bank SIVB and Signature Bank SBNY , which raised concerns about pressures in the banking system as the Federal Reserve has sharply increased interest rates in the past year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SVB, Signature Bank failure explained - USA TODAYHow worried should Americans be about recent bank collapses? usatodaymoney reporter Medora Lee puts things in perspective with 5 Things podcast host atltwil:
Leer más »
First Republic leads bank stocks' comeback after SVB-fueled selloffFirst Republic leads a comeback for bank stocks that cratered in the SVB-fueled selloff
Leer más »
First Republic Bank downgraded to ‘junk’ status by S&P Global Ratings in four-notch moveS&P Global Ratings downgraded its issuer credit rating on First Republic Bank by four notches to BB-plus from A-minus on Wednesday, placing it in speculative...
Leer más »
First Republic Bank cut to junk status by S&P on deposit outflow riskFirst Republic Bank was cut to junk by S&P Global Ratings amid concern that clients pull holdings, after U.S. regulators pledged support for the banking sector.
Leer más »
First Republic Bank stock tumbles on credit downgrade and deposit worriesFirst Republic Bank's credit rating was downgraded on Wednesday by both Fitch Ratings and S&P Global Ratings on concerns that depositors could pull their cash despite the federal intervention.
Leer más »
Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and moreThese are the stocks posting the largest moves in midday trading.
Leer más »