Les actions de First Republic Bank rétrogradées au statut indésirable par S&P Global; Le stock recule de plus de 25% Inférieur

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 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 après-midi. (HE), the stock was down more than 25%.

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

At around 1:15 après-midi. Eastern Time on Monday, Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain 20, 2023, shares of San Francisco-based First Republic Bank (NYSE: FRC) were down more than 25% contre les États-Unis. dollar. The commercial bank and wealth management services provider recently received $30 billion from 11 grandes banques, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells Fargo, BNY Mellon, PNC Bank, Rue de l'État, Truist Bank, and US Bank, en mars 16.

toutefois, the cash infusion has not helped First Republic as S&P Global reduced the bank’s stock (FRC) à 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 tenté 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 Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain 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, Raconté 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 après-midi. (HE) en mars 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 dans cette histoire
Renflouement, Renflouements, Banque d'Amérique, Bancaire, Banking Bailouts, L'industrie banquaire, banques, BNY Mellon, capital one financial, Cash Injection, CitiGroup, CNB Financial, credit suisse, deposit outflows, Discover Financial, Rétrograder, FDIC, Réserve fédérale, Institutions financières, First Republic, First Republic Bank, First Republic Bank downgrade, First Republic Shares, FRC shares, FRC stock, Goldman Sachs, JP Morgan, Junk Status, Liquidité, Morgan Stanley, S&P 500, Banque de signatures, Banque de la Silicon Valley, Banque Silvergate, state street, stimulus, Trésorerie, Truist Bank, Uninsured Deposits, Banque américaine, Banque centrale des États-Unis

What do you think about S&P Global downgrading First Republic Bank’s stock to junk status on Sunday? Share your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman est le responsable de l'information chez Bitcoin-Tidings.com News et un journaliste spécialisé dans les technologies financières vivant en Floride. Redman est un membre actif de la communauté des crypto-monnaies depuis 2011. Il a une passion pour Bitcoin, code open-source, et applications décentralisées. Depuis septembre 2015, Redman a écrit plus de 6,000 articles pour Bitcoin-Tidings.com Actualités sur les protocoles perturbateurs qui émergent aujourd'hui.




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