Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $14,127
17%  
Woo hoo!! And now only $453 to reach 18%!! Thank you all very much!! God bless.

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  • First Republic drops 70%, leads decline in bank stocks despite government’s backstop of SVB

    03/13/2023 8:11:18 AM PDT · by Red Badger · 28 replies
    CNBC ^ | PUBLISHED MON, MAR 13 20236:49 AM EDT - UPDATED 1 MIN AGO | Jesse Pound, John Melloy
    First Republic said Sunday it had received additional liquidity from the Federal Reserve and JPMorgan Chase. The bank said the move raises its unused liquidity to $70 billion, before any funding it could get from a new Fed facility. The Federal Reserve created a new Bank Term Funding Program that will offer loans for up to a year to banks in return for high quality collateral like Treasurys. In this article BAC -0.93 (-3.09%) KEY -4.06 (-25.93%) ZION -8.67 (-21.47%) WAL -32.26 (-65.38%) PACW -4.47 (-36.19%) FRC -59.93 (-73.30%) First Republic tells CNBC the bank isn’t seeing that many depositors...