First Republic shares tumble as depositors withdraw money and credit rating cut again this week
First Republic Bank (FRC) opened with a deep dive in its shares on Monday as its credit rating was downgraded for the second time in the same week. The cut in rating by S&P Global was due to depositors withdrawing tens of billions of dollars as they were cautious about the safety and the liquidity … Continue reading First Republic shares tumble as depositors withdraw money and credit rating cut again this week
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