ReePrime
Banking Turmoil | First Republic shares tumbled

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

Banking Turmoil | First Republic shares tumbled

A
AWANI

3 Views • Mar 21, 2023

Description

First Republic shares tumble as much as 50% amid fears of a second rescue, despite $30 billion infusion from large U.S. banks. Talks led by JPMorgan's CEO to stabilize the lender with a possible investment. S&P Global downgraded the company deeper into junk status, citing liquidity risks.