![]() ‘It doesn’t solve this profitability problem’ ![]() Thursday’s government-arranged deal amounted to a big cash deposit that would allow First Republic to meet customers’ demands for withdrawals. Other regional bank stocks jumped on Monday, following their European peers, on news that Swiss authorities had orchestrated a takeover by UBS of its embattled rival Credit Suisse. In a statement, a spokesperson for First Republic said the bank “is well positioned to manage short-term deposit activity.”ĭespite having received a $70 billion loan from JPMorgan a week ago and another $30 billion lifeline from a consortium of banks on Thursday, investors apparently weren’t optimistic about the bank’s prospects. JPMorgan and First Republic declined to comment on the report. ![]() Shares were halted several times for volatility, and they sank further after a report from the Wall Street Journal said rival banks led by JPMorgan (JPM) are trying to work on yet another rescue plan for First Republic. Submitted by Believe_In-Steven to BBBY Ģ023.03.20 23:05 Block-Busted With First Republic Bank about to fail and cause every single banks in the United States and other First World countries' banks to fail in process, when are you planning to move to China?įirst Republic shares tumble to a new lowįirst Republic’s stock fell 47% to a record low Monday, as the bank struggled to persuade Wall Street it could remain viable. Submitted by TheYankee17762 to YAPms Ģ023.03.20 23:11 Believe_In-Steven Citadel compared to Bernie Madoff □□ Submitted by JustCus_1800 to GMECanada Ģ023.03.20 23:11 TheYankee17762 Wtf is the lore? ![]() Submitted by EchoJobs to ReactJSJobs Ģ023.03.20 23:14 JustCus_1800 Truth is finally coming out -> I had to crosspost this. Submitted by pandoracam to gme_meltdown Ģ023.03.20 23:21 EchoJobs Chewy is hiring Pet Health - Software Engineer II (Backend) Boston, MA 2023.03.20 23:28 pandoracam Apes are hyping an obvious ape blog as if it's the "MSM" uncovering the truth ![]()
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