Wednesday

First Republic Bank experienced a trading halt on Wednesday as the stock market opened, with volatility cited as the reason for the suspension. The bank&#8217;s stock($FRC) prices reached 52-week lows, prompting concerns. 



However, this marks the second consecutive day that First Republic Bank&#8217;s trading was halted, as the stock price has plummeted by 94% this year.



<figure class="wp-block-image size-full"><img width="936" height="842" src="https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616.png" alt="image 616" class="wp-image-295816" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616.png 936w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616-300x270.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616-768x691.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616-24x22.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616-36x32.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616-48x43.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/image-616-150x135.png 150w" sizes="(max-width: 936px) 100vw, 936px" /><figcaption>$FRC stock sinks by another 18% today. Source: TradingView</figcaption></figure>



<h2 id="first-republic-bank-explores-salvational-measures">First Republic Bank explores salvational measures</h2>



As the crisis unfolds, First Republic Bank is investigating possible salvational measures to address its situation. The bank&#8217;s stock price dropped by more than 23% following a 49% decline yesterday. In contrast, several other regional banks saw their stocks rise, highlighting the challenges faced by First Republic Bank.



For example, PacWest&#8217;s stock increased by 15% despite losing billions in the first quarter. Meanwhile, First Republic Bank is reportedly exploring options to shield itself from potential government seizure. This possibility was reported yesterday.



Multiple reports suggest that First Republic Bank may divest $50 billion to $100 billion of various assets to address the current predicament. The bank itself has stated that it is seeking &#8220;strategic options&#8221; to mitigate the crisis. 



Last month, during a budding banking crisis, the bank lost access to $100 billion in deposits.

First Republic Bank trading halted amid crisis and potential government seizure

目次

Cryptopolitan_News

2023年4月26日公開の他の記事

Biggest Weekly Losers From Top 10 Cryptocurrencies

Join the Melega Project Match: Uniting Projects for Mutual Success.

The Sandbox and Ledger partner to make Metaverse more secure

Blockchain takes center stage in WEF’s fight against climate change

Institutional investors flock to stake $1 billion in Ethereum within a week

ERC721 Batch Transfer: The Ultimate Solution for NFT Management

ニュースレターを購読して暗号資産の最新情報を毎日入手！