First Republic Bank Suffers Record Drop Amidst SVB Financial Crisis: What This Means for Investors
TL;DR First Republic Bank’s shares fell a record 78% despite having over $70 billion in unused liquidity. The decline comes in the wake of the collapse of Silicon Valley Bank’s banking unit, leading to concerns about hidden risks and rising interest rates. However, analysts suggest that the SVB crisis has little bearing on the outlook for … Read more