First Republic falls 30% as regional bank stocks continue to sink

[Earl]

First Republic falls 30% as regional bank stocks continue to sink

First Republic falls 30% as regional bank stocks continue to sink


Published Thu, Mar 16 20237:59 AM EDTUpdated An Hour Ago
Jesse Pound@jesserpound



Key Points

The struggles for regional bank stocks have continued despite the announcement from U.S. regulators over the weekend of additional support.
First Republic had the third highest rate of uninsured deposits among U.S. banks, behind SVB and Signature Bank, which was closed by regulators over the weekend, according to a note from Raymond James.
First Republic’s stock was down nearly 75% in March as of Wednesday’s close, and the bank’s debt has been downgraded by S&P Global Ratings and Fitch Ratings.

https://www.cnbc.com/2023/03/10/fir...nk-crisis-raises-fears-about-bond-losses.html

 

[Earl]

Biden continues to destroy the financial and energy sectors and to drive America into the ground.

 

[goat]

Biden continues to destroy the financial and energy sectors and to drive America into the ground.

Biden has been in DC for 50 years. This was directly cause by DC going all the way to Bill Clinton. Banksters never have to worry about being prosecuted and know they will always get a government bailout. They create one bubble after another. The only reason the dollar has any value is because the fed raised interest rates.

Where is Walt on this?

 

[Hawkeye10]

https://twitter.com/x/status/1636490251735801856

The super rich dont have any need to put the majority of their money in American banks. I said that I expected SVB to get bailed out, and that it would not matter, the banks will collapse anyways. So far I am looking right. By the end of the year most likely.

 

[Earl]

Stock market will crash in 60 days, best-selling author on ...
Fox Business
https://www.foxbusiness.com › markets › stock-market-c...
Mar 8, 2023 — The Bear Traps Report founder Larry McDonald predicts S&P earnings will be the trigger · The stock market will crash in 60 days: Larry McDonald.

 

[Lionfish]

 

[Earl]

Indeed.

Higher bank fees will mean that taxpayers will bail out that bank.