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First Republic drops 60%, leads decline in bank stocks despite government's backstop of SVB

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First Republic Bank led a decline in bank shares Monday that came even after regulators extraordinary actions Sunday evening.

that will offer loans up to a year to banks in return for high quality collateral like Treasurys. The central bank also eased conditions at its discount window.

First Republic said Sunday it had received $70 billion in additional liquidity from from the Federal Reserve and"First Republic's capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks," said founder Jim Herbert and CEO Mike Roffler in a statement.lost 4% in premarket trading Monday following a 15% decline last week.

 

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the so-called financial network that was going on about President Trump and DEI instead of banks having unrealized losses in 2022 of $680 BILLION. You think we should have known LAST YEAR?

Hey don’t worry, you will have to pay for these bailouts with inflation. Enjoy!

Somebody wake Biden up! Tell him he's President

It’s amazing the amount of people you bring on to cheerlead the government’s bailout. selfserving

in fact, it's a privilege to reverse it.

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