First Republic Banks aktier nedgraderet til uønsket status af S&P Global; Stock Slides Mere end 25% Nederste

Efter UBS erhvervede Credit Suisse og tæt på et dusin finansielle institutioner indsprøjtet $30 milliarder ind i First Republic Bank for fire dage siden, S&P Global nedjusterede i søndags First Republics aktier til junkstatus. Investorer er bekymrede over, at kontantinfusionen fra 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares fell more than 15% on Monday morning when Wall Street opened and by 1:15 om eftermiddagen. (ET), the stock was down more than 25%.

Indhold

First Republic Bank Shares Slide 25% Lower Despite $30B Cash Infusion From 11 Lenders Last Week

Omkring kl 1:15 om eftermiddagen. Eastern Time on Monday, marts 20, 2023, shares of San Francisco-based First Republic Bank (NYSE: FRC) were down more than 25% mod U.S.A. dollar. The commercial bank and wealth management services provider recently received $30 billion from 11 større banker, including Bank of America, Citigroup, marts, JPMorgan Chase, Morgan Stanley, Wells Fargo, BNY Mellon, PNC Bank, State Street, Truist Bank, and US Bank, marts 16.

Imidlertid, the cash infusion has not helped First Republic as S&P Global reduced the bank’s stock (FRC) til junk status, citing concerns that the recent help from 11 banks may not alleviate First Republic’s problems. This was the second downgrade of FRC in less than a week. First Republic has attempted to raise capital by issuing more shares and seeking investment from private equity firms and smaller banks.

This is First Republic’s second attempt to raise capital since marts 10, and then it received the deposit injection from the major lenders six days later. CNN contributor Allison Morrow was told that First Republic is facing a fate similar to that of Silicon Valley Bank (SVB) due to being a “Bay Area-based lender with a deep-pocketed client base.” Patricia McCoy, a law professor at Boston College, fortalte Morrow that depositors are “particularly trigger-prone.”

“They’re sophisticated, they know they have other options, and they have mechanisms in place to move money quickly,” McCoy added.

At 1:15 om eftermiddagen. (ET) marts 20, 2023, First Republic’s shares are down more than 25% this afternoon and trading for just above $17 per share. The bank’s shares reached an all-time intraday low while other banks managed to weather the storm on Monday following the Credit Suisse buyout.

Tags i denne historie
Redningsplan, Bailouts, Bank of america, Bankvirksomhed, Bankredninger, Bankbranchen, banker, BNY Mellon, kapital en finansiel, Kontantindsprøjtning, CitiGroup, CNB Financial, schweizisk kredit, indskudsudstrømning, Opdag Finansiel, Nedgrader, FDIC, Federal Reserve, Finansielle institutioner, Første Republik, Første Republik Bank, First Republic Bank nedgradering, First Republic Aktier, FRC aktier, FRC lager, marts, jpmorgan, Uønsket status, Likviditet, morgan stanley, S&P 500, Signatur Bank, Silicon Valley Bank, Silvergate Bank, statsgade, stimulus, Skatkammer, Truist Bank, Uforsikrede indskud, US Bank, amerikanske centralbank

What do you think about S&P Global downgrading First Republic Bank’s stock to junk status on Sunday? Del dine tanker om dette emne i kommentarfeltet nedenfor.

Jamie Redman

Jamie Redman er nyhedschef hos Bitcoin-Tidings.com News og en finansteknologisk journalist, der bor i Florida. Redman har været et aktivt medlem af cryptocurrency-fællesskabet siden 2011. Han har en passion for Bitcoin, åben kildekode, og decentrale applikationer. Siden september 2015, Redman har skrevet mere end 6,000 artikler til Bitcoin-Tidings.com Nyheder om de forstyrrende protokoller, der dukker op i dag.




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