First Republic Bank Revives Banking Woes

Name: First Republic Bank Revives Banking Woes
Uploaded: 2023-01-01T00:00:00+00:00
Duration: 5 min
Description: Published On: April 26, 2023 - After the failures of Silicon Valley Bank and Signature Bank in the US, First Republic Bank’s shares have plunged to a record low after the lender announced that depositors withdrew more than $100bn, prompting fears of further bank collapses. Last month, the bank had received a $30bn rescue package.

2023 • 5min • News • Business

Informative

Published On: April 26, 2023 - After the failures of Silicon Valley Bank and Signature Bank in the US, First Republic Bank’s shares have plunged to a record low after the lender announced that depositors withdrew more than $100bn, prompting fears of further bank collapses. Last month, the bank had received a $30bn rescue package.