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Shares of First Republic fall more than 20% as receivership looms

Shares of First Republic fall more than 20% as receivership looms
CNBC's David Faber reporting that First Republic Bank is more likely to head into FDIC receivership this weekend then find a way to strike a private sector deal.From receivership, there are banks who are lining up to take it from there. The shares of FRC are being crushed on this and that's spread somewhat to broader US indicies. What's striking for me is that earlier, Faber reported virtually the same thing, only he was less explicit about it.It goes to show you that there are always opportunit... Read More
Posted: Apr 28 2023, 14:44
Author Name: forexlive
Views: 102043

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