First Republic Bank Shares Sink Another 20% With Report Of Government Unwilling To Come To The Rescue - $FRC
- last year
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.
The bank stock fell by almost 50% during Tuesday's session.
Government officials are unwilling to intervene in First Republic's rescue, CNBC said, citing sources who spoke with the network's David Faber.
The bank stock fell by almost 50% during Tuesday's session.
Government officials are unwilling to intervene in First Republic's rescue, CNBC said, citing sources who spoke with the network's David Faber.