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FRC / Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'

Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'
"Spreading the risk of financial contagion to achieve a false sense of confidence in FRB is bad policy," Ackman tweeted. Read More
Posted: Mar 17 2023, 06:23
Author Name: Business Insider
Views: 112537

FRC News  

First Republic Bank paid some employees salaries of more than $10 mln before collapse - Bloomberg News

By Reuters
May 25, 2023

First Republic Bank paid some employees salaries of more than $10 mln before collapse - Bloomberg News

First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before its collapse, Bloomberg News reported on more_horizontal

DOJ reviewing First Republic Bank staffers' stock trades

By Yahoo Finance
May 24, 2023

DOJ reviewing First Republic Bank staffers' stock trades

Yahoo Finance's Julie Hyman analyzes a report from Bloomberg that the U.S. Department of Justice is reviewing First Republic Bank staffers' stock trad more_horizontal

US prosecutors probe trading by First Republic's former employees - Bloomberg Law

By Reuters
May 24, 2023

US prosecutors probe trading by First Republic's former employees - Bloomberg Law

U.S. prosecutors are reviewing stock trading by some of First Republic Bank's employees during the lender's recent collapse, Bloomberg Law reported on more_horizontal

NYC pension funds lose $2M in failed First Republic, Signature banks

By New York Post
May 20, 2023

NYC pension funds lose $2M in failed First Republic, Signature banks

City pension funds had almost $2 million invested with First Republic Bank and Signature Bank -- all of which was lost when the banks failed this year more_horizontal

Former First Republic CEO testifies before Congress

By Yahoo Finance
May 17, 2023

Former First Republic CEO testifies before Congress

Yahoo Finance Live's Rachelle Akuffo reports on former SVB and former First Republic CEOs testifying before Congress to address the banking collapse o more_horizontal

Lawmaker Blasts First Republic Chief: You Were One Of ‘3 Worst-Run Banks' In U.S.

By Forbes
May 17, 2023

Lawmaker Blasts First Republic Chief: You Were One Of ‘3 Worst-Run Banks' In U.S.

First Republic's former CEO Mike Roffler testified Wednesday his bank became the second-largest failed lender in American history for factors other th more_horizontal

Ex-First Republic CEO says regulators did not express concerns, blames contagion for bank's collapse

By Reuters
May 17, 2023

Ex-First Republic CEO says regulators did not express concerns, blames contagion for bank's collapse

The former chief executive of the First Republic Bank Michael Roffler blamed contagion spread from the failures of regional banks for the bank's colla more_horizontal

Renaissance, Adage Capital bet on First Republic in Q1 before its collapse

By Reuters
May 15, 2023

Renaissance, Adage Capital bet on First Republic in Q1 before its collapse

Billionaire investor Jim Simons' Renaissance Technologies LLC was among the prominent funds that took positions in embattled regional bank First Repub more_horizontal


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