Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.
A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segaris exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.said. FRC did not immediately respond to Reuters request for comment.its balance sheet and said it aims to increase its insured deposits and cut borrowings from the Federal Reserve Bank.
It also aims to slash expenses by cutting executive compensation, paring back office space and cutting nearly 20% to 25% of employees in the second quarter, the lender had said on Monday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
First Republic Bank deposits tumble more than $100 billion as it explores options By Reuters*FIRST REPUBLIC BANK LOST OVER $100 BILLION IN CUSTOMER DEPOSITS IN Q1 FOLLOWING SILICON VALLEY BANK'S COLLAPSE $FRC
Leer más »
First Republic Bank deposits tumble more than $100 bln as it explores optionsFirst Republic Bank shares sank more than 20% after the closing bell on Monday after the lender said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet.
Leer más »
First Republic Bank deposits tumble more than $100 billion as it explores optionsFirst Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet.
Leer más »
First Republic stock plunges after $100 billion bank run in Q1First Republic stock craters 21% after the bank reveals customers pulled out $100 billion of deposits last quarter
Leer más »
First Republic Lost $100 Billion in Deposits in Banking PanicBreaking: First Republic said it lost more than $100 billion in customer deposits following Silicon Valley Bank’s collapse. Shares fell more than 20% after hours.
Leer más »
First Republic clients pulled $100 billion in deposits during banking panicCustomers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month's crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.
Leer más »