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First Republic Bank plummeted 90%! S&P downgrades its rating to "CC": default is "almost inevitable"

新浪财经2023-05-03

On May 3, First Republic Bank plunged 90%, and S&P further downgraded First Republic's junk-rated credit rating on Tuesday after regulators took over the bank and sold its assets to JPMorgan Chase. S&P downgraded the bank's rating to "CC" from "B" and said it expected a default by First Republic Bank to be "almost inevitable" (Note: First Republic Bank code has been changed from FRC to FRCB. First Republic Bank is trading on the pink sheet!) S&P said that since JPMorgan Chase assumed the vast majority of First Republic Bank's assets, given the insufficient remaining asset base, the bank is very likely to be in...

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Comment4

  • StreetCat
    ·2023-07-21
    The bank is still operational and made profits just not hit expectations 
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  • NancyLuan
    ·2023-05-05
    說說你對這篇新聞的看法...
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  • JustinYuan
    ·2023-05-04
    那也不能阻擋我買入
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  • 嘞撸虎7
    ·2023-05-03
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