First Republic Bank Suspends Dividends on Preferred Stock, Raises Speculation.

First Republic Bank has suspended payments of quarterly cash dividends on its preferred stock as a measure of prudent oversight, following the suspension of its dividend on common stock last month after the collapse of Silicon Valley Bank. Large US banks injected $30bn in deposits into First Republic Bank last month to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-sized US lenders.