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Zero Hedge: First Republic Bank stock price collapses to the $1 handle on news of an imminent FDIC receivership
Posted By: NaturalWisdom
Date: Friday, 28-Apr-2023 19:14:20
www.rumormill.news/221696
In Response To: yahoo! finance: Bailout for First Republic? US Officials In Discussion For Bank's Rescue (NaturalWisdom)
Who is going to pick up the pieces of this failed bank? And how will Wall Street investors react on Monday when trading resumes?
-NW
First Republic Rout Extends On Imminent FDIC Receivership Report
Zero Hedge
FRIDAY, APR 28, 2023
[snip}
Update (1640ET): As many expected given the intraday collapse of FRC, Reuters reports after the bell that The FDIC will imminently (place) the bank into receivership.
Shares collapsed to a $1 handle in the after hours trading, down 70% on the day...
FRC was trading at $120 at the start of March... and now it's trading close to $1.20...
Update (1045ET): First Republic Bank shares are halted for volatility having collapsed 50% back to record lows as hopes of a 'private' deal fade...
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FULL REPORT
RMN is an RA production.
Articles In This Thread
- Why do bank panics and shifts in the monetary system seem to occur in years ending in the number 3?
NaturalWisdom -- Friday, 28-Apr-2023 12:19:30
- THIS MONDAY is MAY 1ST: Where Does the Word 'Mayday' Come From? The amazing origin of a famous distress call
NaturalWisdom -- Friday, 28-Apr-2023 12:22:53
- yahoo! finance: Bailout for First Republic? US Officials In Discussion For Bank's Rescue
NaturalWisdom -- Friday, 28-Apr-2023 16:29:21
- Zero Hedge: First Republic Bank stock price collapses to the $1 handle on news of an imminent FDIC receivership
NaturalWisdom -- Friday, 28-Apr-2023 19:14:20
- Pam Gregory compares the astrological chart for the Wall Street stock market crash of 1929 to today [video]
NaturalWisdom -- Friday, 28-Apr-2023 19:45:50
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