First Republic Extends Plunge as Bank Said to Weigh Options

Bloomberg2023-03-16

Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（4）

Dawang
·2023-03-17
Trust and confidence really takes decades to build, but seconds to destroy...
Reply
Like
Report
ArcherWG
·2023-03-17
Noted
Reply
3
Report
phantom74
·2023-03-17
like
Reply
3
Report
NPC69
·2023-03-16
K
Reply
6
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1107223006?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-16 21:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1107223006","market":"us","top_or_hot":-1,"title":"First Republic Extends Plunge as Bank Said to Weigh Options","media":"Bloomberg","content":"<div>\n<p>Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic Extends Plunge as Bank Said to Weigh Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Republic Extends Plunge as Bank Said to Weigh Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PACW","symbol_name":"西太平洋合众银行","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options","article_id":"1107223006","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107223006","pubTimestamp":1678974531,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PACW":"西太平洋合众银行","WAL":"阿莱恩斯西部银行"},"translate_title":"第一共和国延长暴跌，银行称要权衡选择","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRC":0.9,"PACW":0.9,"WAL":0.9},"content_text":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase & Co.First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9943949012,"gmtCreate":1679064443836,"gmtModify":1679064450732,"author":{"id":"3579482809178950","authorId":"3579482809178950","name":"Dawang","avatar":"https://static.tigerbbs.com/d0f01f2346125f600328ffd48beb3a4c","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"3579482809178950","authorIdStr":"3579482809178950"},"htmlText":"Trust and confidence&nbsp;really takes decades to build, but seconds to destroy...","listText":"Trust and confidence&nbsp;really takes decades to build, but seconds to destroy...","text":"Trust and confidence really takes decades to build, but seconds to destroy...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943949012","repostId":1107223006,"repostType":4,"repost":{"id":"1107223006","pubTimestamp":1678974531,"share":"https://ttm.financial/m/news/1107223006?lang=&edition=fundamental","pubTime":"2023-03-16 21:48","market":"us","language":"en","title":"First Republic Extends Plunge as Bank Said to Weigh Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1107223006","media":"Bloomberg","summary":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options","content":"<html><head></head><body><ul><li>Shares fall as much as 28% in early trading on Thursday</li><li>Lender said to be exploring strategic options including a sale</li></ul><p>First Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.</p><p>The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.</p><p>“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”</p><p>“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.</p><p><img src=\"https://static.tigerbbs.com/e13e7cc270eaa7fc4f2682de6a1d2c2b\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.</p><p>On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&amp;P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase &amp; Co.</p><p>First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.</p><p><img src=\"https://static.tigerbbs.com/ff5cda14f6c82a7963a22bd45c2231bf\" tg-width=\"419\" tg-height=\"204\" referrerpolicy=\"no-referrer\"/></p><p>“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic Extends Plunge as Bank Said to Weigh Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Republic Extends Plunge as Bank Said to Weigh Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PACW":"西太平洋合众银行","WAL":"阿莱恩斯西部银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107223006","content_text":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase & Co.First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943070781,"gmtCreate":1679006649744,"gmtModify":1679006653312,"author":{"id":"3581837121803380","authorId":"3581837121803380","name":"ArcherWG","avatar":"https://community-static.tradeup.com/news/38e40c44fababa6849ceb15dfe8931a3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581837121803380","authorIdStr":"3581837121803380"},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943070781","repostId":1107223006,"repostType":2,"repost":{"id":"1107223006","pubTimestamp":1678974531,"share":"https://ttm.financial/m/news/1107223006?lang=&edition=fundamental","pubTime":"2023-03-16 21:48","market":"us","language":"en","title":"First Republic Extends Plunge as Bank Said to Weigh Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1107223006","media":"Bloomberg","summary":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options","content":"<html><head></head><body><ul><li>Shares fall as much as 28% in early trading on Thursday</li><li>Lender said to be exploring strategic options including a sale</li></ul><p>First Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.</p><p>The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.</p><p>“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”</p><p>“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.</p><p><img src=\"https://static.tigerbbs.com/e13e7cc270eaa7fc4f2682de6a1d2c2b\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.</p><p>On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&amp;P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase &amp; Co.</p><p>First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.</p><p><img src=\"https://static.tigerbbs.com/ff5cda14f6c82a7963a22bd45c2231bf\" tg-width=\"419\" tg-height=\"204\" referrerpolicy=\"no-referrer\"/></p><p>“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic Extends Plunge as Bank Said to Weigh Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Republic Extends Plunge as Bank Said to Weigh Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PACW":"西太平洋合众银行","WAL":"阿莱恩斯西部银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107223006","content_text":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase & Co.First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943045597,"gmtCreate":1679003809519,"gmtModify":1679003812845,"author":{"id":"3570342809089528","authorId":"3570342809089528","name":"phantom74","avatar":"https://static.tigerbbs.com/c87ef2af41b8696be86cceafb5b5723d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3570342809089528","authorIdStr":"3570342809089528"},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943045597","repostId":1107223006,"repostType":2,"repost":{"id":"1107223006","pubTimestamp":1678974531,"share":"https://ttm.financial/m/news/1107223006?lang=&edition=fundamental","pubTime":"2023-03-16 21:48","market":"us","language":"en","title":"First Republic Extends Plunge as Bank Said to Weigh Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1107223006","media":"Bloomberg","summary":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options","content":"<html><head></head><body><ul><li>Shares fall as much as 28% in early trading on Thursday</li><li>Lender said to be exploring strategic options including a sale</li></ul><p>First Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.</p><p>The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.</p><p>“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”</p><p>“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.</p><p><img src=\"https://static.tigerbbs.com/e13e7cc270eaa7fc4f2682de6a1d2c2b\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.</p><p>On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&amp;P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase &amp; Co.</p><p>First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.</p><p><img src=\"https://static.tigerbbs.com/ff5cda14f6c82a7963a22bd45c2231bf\" tg-width=\"419\" tg-height=\"204\" referrerpolicy=\"no-referrer\"/></p><p>“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic Extends Plunge as Bank Said to Weigh Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Republic Extends Plunge as Bank Said to Weigh Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PACW":"西太平洋合众银行","WAL":"阿莱恩斯西部银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107223006","content_text":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase & Co.First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943021470,"gmtCreate":1678976564990,"gmtModify":1678976567761,"author":{"id":"3584779133668268","authorId":"3584779133668268","name":"NPC69","avatar":"https://static.tigerbbs.com/47e7ac55312ae8dd1c9e7cb92adad089","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3584779133668268","authorIdStr":"3584779133668268"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943021470","repostId":1107223006,"repostType":4,"repost":{"id":"1107223006","pubTimestamp":1678974531,"share":"https://ttm.financial/m/news/1107223006?lang=&edition=fundamental","pubTime":"2023-03-16 21:48","market":"us","language":"en","title":"First Republic Extends Plunge as Bank Said to Weigh Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1107223006","media":"Bloomberg","summary":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options","content":"<html><head></head><body><ul><li>Shares fall as much as 28% in early trading on Thursday</li><li>Lender said to be exploring strategic options including a sale</li></ul><p>First Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.</p><p>The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.</p><p>“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”</p><p>“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.</p><p><img src=\"https://static.tigerbbs.com/e13e7cc270eaa7fc4f2682de6a1d2c2b\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.</p><p>On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&amp;P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase &amp; Co.</p><p>First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.</p><p><img src=\"https://static.tigerbbs.com/ff5cda14f6c82a7963a22bd45c2231bf\" tg-width=\"419\" tg-height=\"204\" referrerpolicy=\"no-referrer\"/></p><p>“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic Extends Plunge as Bank Said to Weigh Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Republic Extends Plunge as Bank Said to Weigh Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PACW":"西太平洋合众银行","WAL":"阿莱恩斯西部银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-sinks-as-bank-said-to-explore-strategic-options","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107223006","content_text":"Shares fall as much as 28% in early trading on ThursdayLender said to be exploring strategic options including a saleFirst Republic Bank tumbled to put shares on pace to close at a record low level, as the San Francisco-based bank issaid to be exploring strategic options that include a sale.The stock sank by 28% in New York, extending a slide that had already erased more than $17 billion off its market capitalization this month. The firm that’s mulling a sale is also weighing options for shoring upliquidity, according to people familiar with the matter.“Normally, a headline of a potential sale would support the stock,” Christopher McGratty, an analyst at Keefe, Bruyette and Woods, wrote in a report. “However, the potentially significant deposit outflows post-SIVB failure likely leave FRC in a tough spot.”“Any potential sale would likely be a tough outcome for existing shareholders, given mark-to-market accounting on loans,” McGratty wrote.Investors across the banking space are on tenterhooks amid the upheaval in US regional lenders as well as thetumultsurrounding Credit Suisse Group AG. Shares of the Swiss bank rebounded Thursday after itopened a $54 billion line of creditwith the country’s central bank and offered to buy back debt. The European Central Bankdelivered a planned half-point hikein interest rates on Thursday.On Wednesday, First Republic shares sank 21% as its credit rating wascut to junkby S&P Global Ratings and Fitch Ratings. The bank said Sunday that itstotal available unused liquidityto fund operations was morethan $70 billion, from agreements that included the Federal Reserve and JPMorgan Chase & Co.First Republic specializes in private banking and wealth management, and has tried to differentiate itself from Silicon Valley Bank. Several regional bank peers were down as well. PacWest Bancorp sank by 14% and Western Alliance Bancorp slid 9%.“First Republic’s options have narrowed following deposit outflow, a sharp share-price decline and recent downgrades from ratings agencies, while a potential sale of the bank could center on the attractive wealth-management business,” Herman Chan, an analyst atBloomberg Intelligence, wrote in a note.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":67,"commentSize":4,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}