First Republic Bank to Suspend Dividends on Preferred Stock

Reuters2023-04-08

(Reuters) - First Republic Bank said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock "as a measure of prudent oversight."

Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank.

Large U.S. banks injected $30 billion in deposits into First Republic Bank last month to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-sized U.S. lenders.

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Comments

  • neo26000
    2023-04-09
    neo26000
    I wonder why no rocket scientists analysts forsee this. Oh I forgot. They do not foretell the future. They just "try" to justify the past.
  • YangTan
    2023-04-09
    YangTan
    Good buy?
  • JK JK
    2023-04-08
    JK JK
    best
  • YJ Lee
    2023-04-08
    YJ Lee
    Ok
  • setia100
    2023-04-08
    setia100
    Step by step following the CS way. πŸ˜‚
  • Longmanlee
    2023-04-08
    Longmanlee
    Good... Drop more pls
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