Watch FDIC Prepares to Take Over First Republic Bank News Video

28 sec read

“First Republic Bank’s fate is looking grim.

“The bank’s stock has plummeted about 75% this week, after a disappointing first-quarter earnings report Monday revived Wall Street’s fears about a banking crisis and catalyzed an exodus out of First Republic stock.

“While a small rally on Thursday suggested that investors were hopeful that a white knight could swoop in to save the embattled lender, things eventually took a turn for the worse.

“An administration source familiar told CNN Friday the White House has no new plans to rescue the embattled lender, snuffing out hopes of government intervention.

“Reports swirled that the bank will likely go into receivership by the Federal Deposit Insurance Corporation, shattering optimism that private sector help could be on the way. Shares of the bank plunged roughly 37%.”

Read more at CNN

Watch Professional Gamer Ninja Reveals He Has Skin Cancer…

“American gamer and Twitch superstar Tyler “Ninja” Blevins revealed he was diagnosed with melanoma, a form of skin cancer. “The 32-year-old, who boasts 19...
JM
14 sec read

Watch Brittany Snow Details Divorce Drama With Ex Tyler…

“Two years after her dramatic split from Selling the OC star Tyler Stanaland, Brittany Snow is opening up about her ex-husband’s seemingly unfaithful behavior...
JM
16 sec read

Watch Dollar Tree to Raise Prices Again in 2024…

“Shoppers at Dollar Tree could soon end up with sticker shock. “In an earnings call held this month, Dollar Tree, Inc. announced it’ll be...
JM
25 sec read