{"id":1899703,"date":"2023-03-16T16:59:32","date_gmt":"2023-03-16T20:59:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/first-republic-bank-executives-sold-stock-in-months-leading-up-to-turmoil-report\/"},"modified":"2023-03-16T17:00:15","modified_gmt":"2023-03-16T21:00:15","slug":"first-republic-bank-executives-sold-stock-in-months-leading-up-to-turmoil-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/first-republic-bank-executives-sold-stock-in-months-leading-up-to-turmoil-report\/","title":{"rendered":"First Republic Bank executives sold stock in months leading up to turmoil: Report"},"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\">26<\/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%2Ffirst-republic-bank-executives-sold-stock-in-months-leading-up-to-turmoil-report%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=1899703&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\">S<\/span>Before the bank&#8217;s troubles, many of the First Republic Bank executives reportedly sold millions of dollars of stock. <\/p>\n<p>According to a report by the The, bank executives who sold stock in this year included the chief risk officer and chief credit officer. <i>Wall Street Journal<\/i>. <\/p>\n<p><b>$30 BILLION RESCUE OF FIRST RESUBLIC BANK ANNOUNCED b MAJOR BANKS<\/b> <\/p>\n<p>According to the report, Executive Chairman James Herbert sold shares worth $4.5 million since 2023. First Republic Bank&#8217;s chief financial officer, president of private wealth and chief executive sold stock worth $7 million. The stock sale by the bank&#8217;s chief risk manager came days after Silicon Valley Bank collapsed and caused market instability. <\/p>\n<p>Bank of America, Citigroup and JPMorgan Chase announced Thursday afternoon that First Republic Bank was being saved by $30 billion as part of market stabilization efforts. <\/p>\n<p><b>CLICK HERE FOR MORE INFORMATION FROM THE WASHINGTON XAMINER<\/b> <\/p>\n<p>On Sunday, the bank based in San Francisco tried to calm fears by announcing that it had &#8220;diversified its financial position through access to additional liquidity from the Federal Reserve Bank and JPMorgan Chase &#038; Co.&#8221; It also stated that it had $70 Billion in untapped liquidity. The bank&#8217;s weekend announcement came just days after Silicon Valley Bank failed and Signature Bank was shut down by regulators. <\/p>\n<p>After the collapse of Silicon Valley Bank, panic has set in at financial institutions worldwide including First Republic Bank of Switzerland and Credit Suisse. Credit Suisse received $53.7 billion capital increase from Swiss National Bank Thursday, following concerns about its liquidity.<\/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\/first-republic-bank-executives-sold-stock-before-turmoil-report\">First Republic Bank executives sold stock during the months leading to turmoil: Report<\/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>Some of the head executives of First Republic Bank reportedly sold off millions of dollars worth of company stock before the regional bank entered into turmoil. Bank executives who sold stock this year include the chief risk officer, the chief credit officer, and the executive chairman, per a report from the Wall Street Journal. $30<\/p>\n","protected":false},"author":1,"featured_media":1899704,"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":[5373,4363,8540,6461,3819,9116,9395,4359,14848],"class_list":["post-1899703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank","tag-executives","tag-leading","tag-months","tag-report","tag-republic","tag-sold","tag-stock","tag-turmoil"],"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\/1899703","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=1899703"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1899704"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1899703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1899703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1899703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}