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Author Topic: First Republic stock plummets 49% after revealing deposit exodus in March  (Read 267 times)

IroNat

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First Republic stock plummets 49% after revealing deposit exodus in March
« 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.
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GymnJuice

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Re: First Republic stock plummets 49% after revealing deposit exodus in March
« Reply #1 on: April 25, 2023, 02:24:20 PM »
Maybe a second bailout (just don't call it a bailout) will be necessary.
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Mayday

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Re: First Republic stock plummets 49% after revealing deposit exodus in March
« Reply #2 on: April 25, 2023, 02:44:45 PM »

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

Credit crunch is coming.
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