To start with Republic shares drop far more than 20% even with deposit infusion, dragging down other regional banks

To start with Republic shares drop far more than 20% even with deposit infusion, dragging down other regional banks


Crucial Details
  • These losses arrive even after 11 other banks pledged to deposit $30 billion in First Republic as a vote of self-assurance in the firm.
  • To be positive, there have been considerations that the infusion might not be sufficient to shore up Initially Republic going forward.
  • Atlantic Equities downgraded Very first Republic to neutral, noting the bank may require an more $5 billion in money. 



Source

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