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First Republic takes out the March low but broader regional banks don't crumble

First Republic takes out the March low but broader regional banks don't crumble
It's looking like a death spiral in shares of First Republic after the bank reported much worse deposit numbers than expected. At the market open, shares fell but tried to steady ahead of the March low of $11.54.That level has since broken as the nightmare for shareholders continues.The bank's brand is badly damaged now and the company talked about 'strategic alternatives' which means selling itself. However there isn't much equity value there.The question is: Does it mean anything for the broad... Read More
Posted: Apr 25 2023, 13:45
Author Name: forexlive
Views: 092088

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