First Republic Bank shares slide in volatile trading session

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Trading in shares of First Republic Bank was halted multiple times on Monday as uneasiness still surrounds the financial institution following its $30 billion rescue package.

The Silicon Valley Bank logo is seen at an open branch in Pasadena, Calif., on March 13, 2023. The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal. The FDIC said Monday, March 20, 2023 that there’s been “substantial interest” from multiple parties for Silicon Valley Bridge Bank.

The Silicon Valley Bank logo is seen at an open branch in Pasadena, Calif., on March 13, 2023. The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal. The FDIC said Monday, March 20, 2023 that there’s been “substantial interest” from multiple parties for Silicon Valley Bridge Bank.

 

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Damn nobody has to say with Mr and Mrs tax money does goes where, or is it who fucking cares.

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First Republic Bank: Shares fall 17% following second credit rating downgradeShares of First Republic Bank tanked by over 17% in premarket trading Monday morning amid news that S&P Global issued its second credit downgrade for the embattled bank within a week.
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