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First Republic Bank Shares Sink Another 20% With Report Of Government Unwilling To Come To The Rescue - $FRC

2023-04-26 11 Dailymotion

The U.S. government is unwilling to inject additional capital into First Republic Bank, CNBC reported Wednesday, after the bank lost $100 billion in deposits during the first quarter. <br /><br />The bank stock fell by almost 50% during Tuesday's session. <br /><br />Government officials are unwilling to intervene in First Republic's rescue, CNBC said, citing sources who spoke with the network's David Faber.

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