First Republic may not survive, even after two multibillion-dollar bailouts | CNN Business

The past few weeks have been brutal for the San Francisco-based lender. Now, some analysts say a collapse of the bank is imminent. “It’s becoming clearer each day” that First Republic is “toast,” said Don Bilson at Gordon Haskett, in a note Wednesday. “The only question that really needs to be answered is whether the [Federal Deposit Insurance Corporation] moves in before the weekend or during the weekend, which is when it usually does its thing.

” Bloomberg reported Tuesday that the lender is looking to sell as much as $100 billion of its loans and securities in a bid to balance its books. First Republic declined to comment to CNN on the story. Other reports say that First Republic is considering asking big banks to help with such a deal. Option three: Receivership The biggest fear that investors have is that First Republic goes into receivership, said Chiaverini.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

First Republic stocks drops nearly 50% after plunge in deposits | CNN BusinessFirst Republic stock plunged by nearly 50% at the close of trading on Tuesday, hitting a new record low after the embattled lender reported late Monday that its total deposits fell 41% in the first quarter, to $104.5 billion, even after a consortium of banks stepped in with $30 billion to prevent the regional lender from failing. Without that cash infusion, deposits would have fallen by over 50%.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Kim Kardashian reveals the 'magic' of her success to CNN's Poppy Harlow | CNN BusinessJust a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day, the idea has blossomed into Skims — a $3.2 billion brand that has catapulted the reality TV star into a business titan.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »

Mattel introduces first Barbie doll representing a person with Down syndrome | CNN BusinessMattel on Tuesday introduced its first-ever version of the Barbie doll representing a person with Down syndrome.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

First Republic earnings show SVB impact, may fuel credit-crunch fearsFirst Republic just revealed how SVB's failure rattled its business - and shared plans that may fuel fears of a credit crunch
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »