[rxsid]

Article - First Republic Bank Is Said to Weigh Options Including a Sale

[monkeyshine]

Here’s a free article (if you allow ads) from the newspaper that sued this website:

https://www.latimes.com/business/story/2023-03-15/first-republic-bank-cut-to-junk-status-by-s-p

[DoodleBob]

FWIW, a BB+ rating isn't the end of the world for most firms. Indeed, most publicly rated companies ARE non-investment grade.

For a bank, though, it is a rare situation from which a bank can bounce back (but not impossible). Where this may facilitate First Republic's demise, is that most treasurers have a policy forbidding depositing money with banks below BBB-. In addition, guarantees issued by First Republic may be rejected by many firms.

[cuz1961]

Ruh Ron

Some p.o.c. are expecting 5 mil apiece,,,

see gavin run,, see nanzi run,,, see spot run,,,

Oh well.

[Elsie]

WHAT!?!?!

Oh...

I thought it read FREE Republic bank. Never mind.

[Vermont Lt]

They will try to limp into the market close on Friday. Then they will spend all weekend talking to the FDIC. If it is this bad....they won’t open again.