First Republic Bank's stock craters 60% after it taps backstop billions to shore up liquidity
First Republic Bank's stock fell more than 60% in premarket trading Monday as investors fretted about the bank's stability.
The lender said over the weekend that it's getting $70 billion in funding from JPMorgan and the Fed's backstop for depositors. There are fears that Silicon Valley Bank's turmoil could spread to US regional banks such as First Republic. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
First Republic drops 60%, leads decline in bank stocks despite government's backstop of SVBFirst Republic Bank led a decline in bank shares Monday that came even after regulators extraordinary actions Sunday evening.
Leer más »
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Leer más »
Dow futures unsteady as stock-market investors watch efforts to avert SVB-inspired bank crisisU.S. equity markets traded unevenly Sunday afternoon, in the aftermath of the failure of Silicon Valley Bank on Friday, which has cast a pall over the...
Leer más »
FDIC's Takeover of SVB Sparks Bank Runs, BoA & Wells Fargo FearsSVB's collapse has sparked bank runs at branches across the country, and now ... additional fears are percolating that even more big banks could be next in having the FDIC step in and take over.
Leer más »
Founders swarmed SVB’s Bay Area branches looking for answers after bank's historic failureSilicon Valley Bank's clients went to physical branches on Friday searching for answers as the bank rapidly collapsed.
Leer más »
UK finance minister, Bank of England working to minimise SVB falloutBritain's finance ministry and the Bank of England are working together to minimise the disruption that could stem from the UK arm of collapsed U.S. bank Silicon Valley Bank, the ministry said on Saturday.
Leer más »