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Getbig Main Boards => Gossip & Opinions => Topic started by: IroNat on April 25, 2023, 01:43:03 PM

Title: First Republic stock plummets 49% after revealing deposit exodus in March
Post by: IroNat on April 25, 2023, 01:43:03 PM

https://finance.yahoo.com/news/first-republic-stock-plummets-49-after-revealing-deposit-exodus-in-march-133338066.html

The stock of First Republic (FRC) plunged 49% Tuesday after the bank surprised investors and analysts by revealing an outflow of more than $100 billion in deposits in March.

The market reaction raised new questions about the fate of a San Francisco lender that was at the center of last month's banking turmoil.

Title: Re: First Republic stock plummets 49% after revealing deposit exodus in March
Post by: GymnJuice on April 25, 2023, 02:24:20 PM

Maybe a second bailout (just don't call it a bailout) will be necessary.

Title: Re: First Republic stock plummets 49% after revealing deposit exodus in March
Post by: Mayday on April 25, 2023, 02:44:45 PM

Cash is not king when govt bonds are paying 5%.

Credit crunch is coming.