First Republic Bank's Stock Plunge Raises Liquidity Concerns

1 min read
Source: Yahoo Finance
TL;DR

First Republic's stock price dropped nearly 30% on Wednesday after losing more than $100 billion in deposits during last month's banking system turmoil. The bank and its advisers are now considering a variety of alternatives to save the lender without being seized by US regulators, from the creation of a so-called "bad bank" to divesting $50 billion to $100 billion of long-dated securities and mortgages to make an eventual capital raise easier. The bank has a potential to avoid being seized by regulators, but it will require assistance from the US government.

Share this article

Want the full story? Read the original reporting

Read on Yahoo Finance