First Republic Shares Crash 60% As Regional Bank 'Crisis In Confidence' Spreads
First Republic Bank's stock crashed in premarket trading in New York following a statement issued on Sunday night that sought to ease investor worries about its liquidity situation in the wake of the failures of Silicon Valley Bank and Signature Bank.
Shares of the regional bank are down 60% in the premarket. The lender said in a statement late Sunday that it had more than $70 billion in unused liquidity to fund operations from agreements that included the Federal Reserve and JPMorgan Chase & Co.
https://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads
npub1sr…n8ms4
2023-03-14 13:38:38
Author Public Key
npub1sr6g7hjcchgdja6g2m4l0asemg68k92xlsq3tk7tv5gaa822nc7qwn8ms4Published at
2023-03-14 13:38:38Event JSON
{
"id": "4029fcd7df5b8f2ad70e64d41dcd7b784422994974731ddb4ca447621738958f",
"pubkey": "80f48f5e58c5d0d9774856ebf7f619da347b1546fc0115dbcb6511de9d4a9e3c",
"created_at": 1678801118,
"kind": 1,
"tags": [],
"content": "First Republic Shares Crash 60% As Regional Bank 'Crisis In Confidence' Spreads\n\nFirst Republic Bank's stock crashed in premarket trading in New York following a statement issued on Sunday night that sought to ease investor worries about its liquidity situation in the wake of the failures of Silicon Valley Bank and Signature Bank.\n\nShares of the regional bank are down 60% in the premarket. The lender said in a statement late Sunday that it had more than $70 billion in unused liquidity to fund operations from agreements that included the Federal Reserve and JPMorgan Chase \u0026 Co.\n\nhttps://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads",
"sig": "254483d8ca0743b8b3479d60e91745825b29af6845cd236a84abd8d007d334474833fd7503f8488b13101d33ccc4f10b64d4067cb7060f05ea97de13d04728ed"
}