{"id":1899137,"date":"2023-03-16T10:43:17","date_gmt":"2023-03-16T14:43:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-first-republic-bank-stock-crashes\/"},"modified":"2023-03-16T10:43:45","modified_gmt":"2023-03-16T14:43:45","slug":"svb-collapse-first-republic-bank-stock-crashes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-first-republic-bank-stock-crashes\/","title":{"rendered":"SVB collapse: First Republic Bank stock crashes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsvb-collapse-first-republic-bank-stock-crashes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1899137&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"col-12 col-md-7 col-lg-8 col-xl-9 float-left body colgap-l-50\" itemprop=\"mainEntityOfPage\">\n<div class=\"ArticlePage-articleBodyWrapper\">\n<div class=\"ArticlePage-articleBody\" itemprop=\"articleBody\">\n<div class=\"RichTextArticleBody\">\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78893260\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Dow Jones futures fall 600 points following international bank shares' sharp decline\">               <meta itemprop=\"description\" content=\"Dow Jones and several other stock futures fell on Wednesday morning as pressure on financial institutions continues to increase following the collapse of Silicon Valley Bank and a dip in Credit Suisse shares. Futures tied to the Dow Jones Industrial Average fell 628 points, or 1.9%, while the S&#038;P 500 and the Nasdaq-100 futures fell 1.9% and 1.6%, respectively \u2014 the latest sign of a growing financial crisis after Silicon Valley Bank collapsed last week following nearly a billion-dollar negative cash balance.\">               <meta itemprop=\"duration\" content=\"PT1M59S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-15 15:12:35\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1263190_th_1678893234.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1263190.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78893260\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1263190\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">F<\/span>irst Republic Bank&#8217;s stock fell nearly 35% on Thursday, shortly after it opened. <\/p>\n<p>Following the collapses Silicon Valley Bank and Signature Bank, the San Francisco-based bank is struggling to stay afloat. First Republic has lost 71% of its value in the last five days. <\/p>\n<p><b>SVB COLLAPSE : BIG FED RATES CUTS NOW EXPECTED IN MAJOR REVERSAL OVER RECESSION FEARS<\/b> <\/p>\n<p>Banks with high levels of uninsured deposits were subject to increased scrutiny after SVB&#8217;s collapse. First Republic was the bank with the highest rate of uninsured deposits. This followed SVB and Signature Bank. <\/p>\n<p>First Republic was hit with more bad news when the S&#038;P reduced its rating to junk status. The agency&#8217;s credit rating downgraded First Republic&#8217;s long-term issuer credit rating from A+ to BB+. The group claimed that there is a greater risk of depositors withdrawing money at the bank, even though the government took action to stop a bank panic this week. <\/p>\n<p>The bank is currently exploring its next move, which may include a sale. <i>Bloomberg <\/i>reported. <\/p>\n<p>First Republic declared on Sunday, before markets open, that it has approximately $70 trillion in unused liquidity. &#8220;diversified its financial position through access to additional liquidity from the Federal Reserve Bank and JPMorgan Chase &#038; Co.&#8221; <\/p>\n<p>&#8220;First Republic&#8217;s capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks,&#8221; Jim Herbert, the bank&#8217;s founder, and Mike Roffler CEO said. &#8220;As we have done since 1985, we operate with an emphasis on safety and stability at all times while maintaining a well-diversified deposit base.&#8221; <\/p>\n<p><b>CLICK HERE TO READ MORE ABOUT THE WASHINGTON EXAMINER<\/b> <\/p>\n<p>On Thursday, other banks saw their stock drop upon opening of the market. PacWest Bankcorp dropped more than 14%, and Western Alliance lost nearly 15%. <\/p>\n<p>This decline is occurring on the same day as the Swiss central bank approved to lend Credit Suisse more than $50 billion to boost confidence in the megabank. Credit Suisse surged by over 30% as investors became more confident about its financial future.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-first-republic-stock-crashes\">SVB stock crash: First Republic Bank collapses<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Republic Bank is hemorrhaging value for another day, with the midsize bank\u2019s stock falling nearly 35% shortly after open on Thursday. The San Francisco-based bank has been struggling to keep its head above water following the collapses of Silicon Valley Bank and crypto lender Signature Bank. In the past five days, First Republic has<\/p>\n","protected":false},"author":1,"featured_media":1899138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5373,7385,9641,9116,4359,21356],"class_list":["post-1899137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank","tag-collapse","tag-crashes","tag-republic","tag-stock","tag-svb"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1899137"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1899138"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1899137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1899137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1899137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}