Bloomberg News reported on Saturday that U.S. officials are considering expanding federal programs that provide banks with liquidity, in part to help the First Republic while it searches for a buyer. CNBC reported on Saturday that deposit inflows to big banks from smaller regions have slowed significantly. Regional bank stocks have come under significant pressure … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
The index gurus are back. Some of the best-known stocks are reclassified on Friday, which means a lot of money will move. Have you ever wondered why Walmart is ranked as a consumer staple stock in the S&P 500, but similar retailers such as Target, Dollar General and Dollar Tree are ranked as consumer discretionary … Read more
The struggles for regional bank stocks continued despite U.S. regulators over the weekend announcing additional support. First Republic had the third-highest rate of uninsured deposits among U.S. banks, behind SVB and Signature Bank, which was shut down by regulators over the weekend, according to a note from Raymond James. First Republic’s stock was down nearly … Read more
Bank of the First Republic FRC 26.98% and other regional lenders clawed back some losses after their worst selloff in three years, in a volatile trading session that reflected how investors were still pricing in regulators’ emergency measures to contain a banking crisis. Shares of First Republic, which slumped on Monday, closed up around 27% … Read more
