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Tag: Bank of the First Republic

  • First Republic rallies 25% Monday to lead regional banks’ comeback

    Bloomberg News reported Saturday that US officials are considering expanding federal programs that provide banks with liquidity, in part to help First Republic search for a buyer. CNBC reported on Saturday that the inflow of deposits into major banks from the smaller regions has slowed significantly. Regional bank stocks have been under a lot of […]

  • Stocks make the biggest moves premarket: PINS, FCNCA, CAT

    Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffrey | CNBC Check out the companies making headlines before the bell rings. Pinterest — Pinterest gained 4.3% after UBS upgraded its social media stock to buy, saying shares could rise more than 25% as the company improves its advertising strategy. First Citizens BancShares — Stocks rose 40% […]

  • The US is reportedly considering more support for banks and gives First Republic time to strengthen its balance sheet

    The seal of the US Federal Reserve prior to a press conference following a meeting of the Federal Open Market Committee (FOMC) in Washington, DC, US, on Wednesday, March 22, 2023. Al Drago | Bloomberg | Getty Images US authorities are considering expanding an emergency loan facility that could provide more support to banks in […]

  • Deposit outflow from small banks to JPM, WFC, C delayed

    The wave of deposits moving from smaller banks to big institutions like JPMorgan Chase and Wells Fargo has slowed to a trickle in recent days, CNBC has learned. Deposit outflows, which rocked markets worldwide and forced regulators to step in to protect bank customers, began to improve around March 16, people with knowledge of inflows […]

  • The founder of the First Republic Bank earned a high salary, just like his relatives

    First Republic Bank FRC -5.03% paid family members of founder James Herbert millions of dollars for work at the lender in recent years, including for advisory services related to interest rates and risk, according to public disclosures the bank made as part of annual filings. The bank paid Mr. Herbert, who was CEO before taking […]

  • Cramer’s top 10 things on the stock market Wednesday: Fed, banking crisis, GameStop

    My top 10 things to watch Wednesday March 22nd 1. The Fed meeting: does it really matter? Despite the banking crisis, the market has almost a 90% chance of a new interest rate hike of a quarter point on Wednesday afternoon. Investors are looking for forward-looking comment in the policy statement and in the press […]

  • Janet Yellen’s guarantee to banks has a catch

    US Treasury Janet Yellen speaks at the American Bankers Association Washington Summit on March 21, 2023 in Washington, DC. Drew Anger | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they need to […]

  • First Republic Bank asks Lazard for help with strategic options assessment

    First Republic Bank FRC 29.47% strengthens his ranks of advisors as the troubled lender tries to stay afloat and plan for a post-crisis future amid a transatlantic crisis of confidence in the banking system. The Bank of California this week tapped Lazard Ltd. LAZ 3.23% to help assess strategic options, such as a sale, a […]

  • TSLA, FRC, UBS, FL and more

    A vehicle charges at a Tesla Supercharging station in Corte Madera, California, USA on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest strides in premarket trading: Tesla – The electric vehicle maker rose 2% after Moody’s gave it a Baa3 rating and removed its […]

  • Finance Minister Yellen says the government can hold back more deposits if necessary

    U.S. Treasury Secretary Janet Yellen testifies before the Senate Finance Committee on the proposed 2024 budget request, on Capitol Hill in Washington, DC, March 16, 2023. Andrew Caballero Reynolds | Afp | Getty Images Treasury Secretary Janet Yellen said on Tuesday that the government is ready to provide further deposit guarantees if the banking crisis […]