first republic bank Archives

Moody’s Reduces Ratings of Several US Banks and Puts More Under Review for Potential Downgrades

Moody’s is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds.

JPMorgan Reports Q2 2023 Figures Scaling Analysts’ Estimates on Revenue and EPS

Business News, Market News, News, Story of the Day, Wall Street

By Tolu Ajiboye Jul 14, 2023

The increase in Q2 2023 figures show that JPMorgan is not negatively affected by its recent acquisition of First Republic Bank.

‘The Big Short’ Investor Michael Burry Bets Big on Regional Banks amid Ongoing Crisis

Business News, Investors News, Market News, News, Stocks

By Tolu Ajiboye May 16, 2023

Burry increased his stakes in several regional banks in Q1, including NYCB, PacWest, Western Alliance, and First Republic.

Business News, Market News, News

PacWest Cuts Dividend as Regional Banks Recovery Deepens

By Godfrey Benjamin May 8, 2023

Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods.

Business News, Market News, News, Stocks

PacWest Bancorp Mulls Sale of Entire Holding Company amid 80% Stock Drawdown since March

By Tolu Ajiboye May 4, 2023

Los Angeles-based PacWest is considering several strategic options, including a sale, amid a banking crisis-induced stock plunge.

Altcoin News, Bitcoin News, Cryptocurrency News, Market News, News

Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike

By Bhushan Akolkar May 4, 2023

Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000.

Business News, Investors News, Market News, News, Stocks

US Stock Indices Plummet as Fed Raises Interest Rate for 10th Time

By Godfrey Benjamin May 4, 2023

The US stock indices notably derailed from the recent growth path it has charted in recent times following the rate hike news.

Business News, Deals News, Market News, News

JPMorgan Chase Acquires First Republic Bank After Months-Long Crisis

By Godfrey Benjamin May 2, 2023

American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank.

Business News, Market News, News, Wall Street

US Officials in Urgent Talks to Rescue First Republic Bank

By Darya Rudz Apr 28, 2023

In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance.

Bitcoin News, Cryptocurrency News, Market News, News

Bitcoin Breaches $28,000 amid Renewed First Republic Bank Crisis

By Godfrey Benjamin Apr 26, 2023

While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking.

Business News, Market News, News, Stocks

First Republic Bank Shares Drop 49% after Sharp Decline in Deposits in Q1 2023

By Steve Muchoki Apr 26, 2023

First Republic Bank received uninsured deposits totaling $30 billion from a group of America’s largest banks on March 16, 2023, to help reduce the chances of a bank run.

Business News, Market News, News, Stocks, Wall Street

Bank of America (BAC) Shares Ticks 2% in Pre-Market after Impressive Q1 2023 Report

By Godfrey Benjamin Apr 18, 2023

The company’s investors are bullish on the BAC stock following the earnings release.

Business News, Market News, News, Stocks, Wall Street

First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds

By Godfrey Benjamin Mar 27, 2023

Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the pangs in the firm to help prevent it from collapsing.

Blockchain News, Cryptocurrency News, News

Coinbase Pauses Support for Signature Bank’s Payment Network Signet

By Steve Muchoki Mar 21, 2023

Coinbase advised its customers to use other available payment rails as the exchange works on onboarding other banking partners.

Business News, Market News, News, Stocks, Wall Street

First Republic Bank Shares Slump 18% Following Downgrade from S&P

By Godfrey Benjamin Mar 20, 2023

In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion.