×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
29
Dec 2025
weather symbol
Athens 14°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Pressure mounts on First Republic as its stock continues to plunge

The bank’s price dropped more than 16%, after plummeting 49% Tuesday

Newsroom April 26 05:01

The stock of First Republic (FRC) plunged again Wednesday morning as pressure on the San Francisco lender intensified following a depositor exodus in March and new attempts to sell some of its underwater assets.

>Related articles

Athens Stock Exchange dips on banking sector pressure but holds 2,000 points

Lagarde: The global economy has not yet felt the impact of Trump’s tariffs

New York Times: Is low-cost labor undermining China’s economic miracle

The bank’s price dropped more than 16%, after plummeting 49% Tuesday, before being halted for volatility. Other regional bank stocks were up, reinforcing First Republic’s predicament. They include PacWest (PACW), which said Tuesday it gained back some deposits in April after losing billions during the first quarter. Its stock was up 15%.

First Republic is now considering a variety of alternatives to save itself without being seized by US regulators, according to media reports, from the creation of a so-called “bad bank” to divesting $50 billion to $100 billion of long-dated securities and mortgages to make an eventual capital raise easier. It said Monday that it was pursuing “strategic options” after losing more than $100 billion in deposits during last month’s banking system turmoil.

more at yahoo.com

Ask me anything

Explore related questions

#banking sector#First Republic Bank#global economy#uncertainty#volatility
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Abramovich says “no” to Starmer’s request to send the proceeds from the sale of Chelsea to Ukraine

December 29, 2025

The plan for marine parks moves forward: environmental studies approved, Presidential Decrees to follow

December 29, 2025

Zelensky wants security guarantees for up to 50 years – Russia’s ultimatum: If they want peace Ukrainians must hand over Donbass to us

December 29, 2025

Farmers persist with roadblocks and close bypass roads at midday – “The ball is in their court for dialogue,” says Tsiaras

December 29, 2025

Crete, Pompeii & Stonehenge: The most important archaeological discoveries of 2025 that overturn what we knew

December 29, 2025

Turkey resumed violations in the Aegean after the security alliance against the “Blue Homeland”

December 29, 2025

Tsiaras: We extend the low price of rural electricity and lower it even further, without a cap the return of the VAT on oil

December 29, 2025

What begins in the manger is fulfilled in the Tomb and overturned in the Resurrection

December 29, 2025
All News

> Economy

Pierrakakis: New model of sustainable development for Greece after the Recovery Fund

The Eurogroup President and Minister of Economy and Finance stresses that Greece is entering a phase of sustainable growth after the Recovery Fund, with a focus on private investment, reforms, productivity and fiscal stability, strengthening European convergence

December 28, 2025

Electricity tariffs: How December 2025 closes and what to expect in January 2026

December 28, 2025

From Hellenikon to OAKA, millions of investments in the sports real estate of Attica

December 27, 2025

How Greece is “closing” the loans of the first memorandum earlier

December 27, 2025

Where foreign investment firms set the bar for Greek equities in 2026

December 26, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα