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Deposit Outflow

First Republic Bank shares tank 43% after report says the struggling lender is likely to be taken over by the government

Fri, 04/28/2023 - 16:21

A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California. — First Republic stock has plummeted after Silicon Valley Bank's failure.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Stocks, S&P 500, first republic bank, FRC stock price, Banking Crisis

First Republic just revealed how SVB's failure rattled its business - and shared plans that may fuel fears of a credit crunch

Tue, 04/25/2023 - 08:13

office space bobs — First Republic's bosses expect to lay off 20% to 25% of the bank's employees this quarter.
YouTube / Office Space

Markets, MI Exclusive, Stocks, First Republic, Banking Crisis, Bank failures, Silicon Valley Bank

Credit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap

Mon, 04/24/2023 - 06:25

credit suisse ubs merger logos — Credit Suisse and UBS.
NurPhoto

Markets, MI Exclusive, Credit Suisse, ubs, Saudi National Bank, Banking Crisis, banking crisis 2023

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