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Shares In First Republic Bank Plummet Even After Rescue Deal From Big Banks
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions. Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup each offered to contribute $5 billion of liquidity to assist First Republic Bank, which is heavily involved in wealth management and has many customers with deposits exceeding the $250,000 threshold protected by the Federal Deposit Insurance Corporation. Banks such as Truist Financial and BNY Mellon also contributed to the overall $30 billion arrangement. Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, FDIC Chairman Martin Gruenberg, and...
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Breaking News (News/Activism)
- FReeper Canteen ~ MERRY CHRISTMAS ~ 25 December 2025
- Sunday Morning Talk Show Thread 21 December 2025
- HOLY MOLY!! We have only 7 days remaining of the quarter, and approximately $12k to go. Thank you to all who have already donated, but we really need a lot more help folks. [FReepathon]
- LIVE: President Trump Delivers an Address to the Nation – 12/17/25 9pm ET
- Sunday Morning Talk Show Thread 14 December 2025
- 2025 HANUKKAH MASSACRE
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- BREAKING: Court Upholds Trump’s Trans Military Ban
- Supreme Court appears poised to rule for Trump on independent agency firings (more winning)
- Sunday Morning Talk Show Thread 7 December 2025
- More ...
Front Page News (News/Activism)
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- Pete Hegseth to slash 4-star generals in Pentagon shake-up that pulls the plug on Europe and Middle East
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- Marlow: Rob Reiner Tried to Destroy Trump’s Life with Brennan and Clapper, So Stop Whining About His Truth Post
- DOJ to give Congress email evidence that the Biden admin knew it did not have probable cause to raid Trump's home
- More ...