spencerforhire
All Star
So is Charles Schwab next up in line? 
FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed
- Thread starter Paper Boi
- Start date
What?So is Charles Schwab next up in line?
So is Charles Schwab next up in line?
I know it's coming and I haven't made any moves.
spencerforhire
All Star
Haven’t you heard? Just google it. There stock went down over 30% already. People are already pulling there money out fast. It’s not looking good for them.
In The Zone '98
Superstar
So is Charles Schwab next up in line?
Ameritrade merger is complete in a couple months.
Lol. shyt show.
Stock price is line to where it was before the pandemic. I'm not worried about Schwab at all.
In The Zone '98
Superstar
May 30th, baby. According to my emails.
Interesting. Thanks for update
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First Republic Bank Expected to be Seized by US Government
First Republic Bank ($FRC) is expected to be seized by the US government, a report by Fox Business Network says.
watcher.guru
First Republic Bank Expected to be Seized by US Government
Michael GrullonApril 25, 2023
Source: The Hill
First Republic Bank ($FRC) is expected to be seized by the US government, a report by Fox Business Network says. According to Fox’s Charles Gasparino, bankers working with First Republic say that they expect eventual government receivership for the ailing bank. This will come after it exhausts private sector solutions such as asset sales and finding a buyer, both of which “appear difficult.”
First Republic lost more than 40 percent of its deposits, approximately $72 billion, in the first quarter of this year. Its shares sank nearly 50 percent as of end-Tuesday. This is according to a Monday announcement by the bank.
The bank has seen record drops over the past month and a half, particularly since the Silicon Valley Bank was closed in March. Multiple big banks have also struggled, however, it looks like First Republic will be falling into the hands of the US government soon.
Fox Business’ Charles Gasparino also adds:
The seizure is not final yet, however, it is very likely to occur according to Gasparino. Shareholders are also suing First Republic as of yesterday. They accuse the bank of concealing how rising interest rates impact business models by prompting an exodus of deposits.
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First Republic Bank to be taken over by FDIC: Report
The FDIC is planning to take ownership over First Republic Bank imminently and says that there's no time for the bank to go after a private sector rescue, according to a report from Reuters.
www.foxbusiness.com
Published April 28, 2023 5:05pm EDT
First Republic Bank to be taken over by FDIC: Report
The FDIC has decided that the bank has no more time to pursue a private sector rescue
First Republic Bank stock crashes as banking fears resurface
Barron's reporter Carleton English discusses First Republic Bank's dramatic stock fall on 'The Claman Countdown.'First Republic Bank will be placed under the receivership of the U.S. Federal Deposit Insurance Corporation imminently, according to a report.
Reuters reported on Friday that the FDIC has decided that the regional bank's position has deteriorated, leaving no more time to go after a private sector rescue, a source told the outlet.
A First Republic Bank branch in New