US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30% – Bitcoin News

📆 2023/04/27 5:40:00

日本ニュースニュース

日本最新ニュース,日本見出し

The situation only worsened as pre-market trading began, and by 11:00 a.m. on Wednesday, First Republic Bank's FRC shares had fallen by over 30%. FirstRepublic

📆 2023/04/27 5:40:00
📰 BTCTN

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 51%

to CNBC. “Advisors to First Republic will attempt to cajole the big U.S. banks who’ve already propped it up into doing one more favor,” CNBC’s Hugh Son reported. Others have blamed a specific demographic of First Republic Bank’s customers for its downfall.

“Wealthy clientele such as the affluent individuals that banked at [First Republic] have no loyalty to any particular financial adviser,” Chris Whalen, chairman of Whalen Global Advisors, stated in a noteby CBS News. “First Republic was one of many advisers and service providers to their wealthy customers, people who find products like interest-only mortgages attractive,” Whalen added.

After dropping more than 30% on Wednesday, First Republic Bank’s shares managed to rise and currently, the stock is down between

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。続きを読む:

コメントを書く

日本最新ニュース, 日本見出し

Similar News:他のニュースソースから収集した、これに似たニュース記事を読むこともできます。

First Republic Bank to slash up to a quarter of its workforce | CNN BusinessFirst Republic Bank expects to cut its workforce by 20-25% this quarter, the embattled lender said late Monday.
続きを読む »

日本 最新ニュース, 日本 見出し

日本最新ニュース, 日本見出し