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yahoo! finance: Bailout for First Republic? US Officials In Discussion For Bank's Rescue
Posted By: NaturalWisdom
Date: Friday, 28-Apr-2023 16:29:21
www.rumormill.news/221693
In Response To: THIS MONDAY is MAY 1ST: Where Does the Word 'Mayday' Come From? The amazing origin of a famous distress call (NaturalWisdom)
What other dominoes are on the verge of tumbling into the financial cesspool at this time? Ought to be an interesting weekend for Powell, Yellen, and the Fed.
-NW
Bailout for First Republic? US Officials In Discussion For Bank's Rescue: Report
Akanksha Bakshi | yahoo! finance
Fri, April 28, 2023 at 9:16 AM PDT
[snip]
The Federal Reserve, the Treasury Department, and the Federal Deposit Insurance Corporation (FDIC) are some of the government entities that have recently started discussions with financial institutions about putting together a lifeline for the struggling lender, according to the sources.
The report added that the government's involvement is helping bring more parties, including banks and private equity firms, to the negotiating table.
U.S. officials view a private-sector deal as preferable to First Republic falling into FDIC receivership, the reports mentioned, citing the sources.
Note: FRC (First Republic Bank) share prices are trading at 3.5001, down 2.6899 (-43.46%)
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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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