×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
20
Apr 2026
weather symbol
Athens 18°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

How a lost village could transform the global economy

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

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

Greece close to acquiring Bergamini frigates, Turkey seeks air defense

April 20, 2026

Concern about the increase in recorded rapes in Germany

April 20, 2026

Mitsotakis: Some want to take us back to 1980 – We have a plan for Greece in 2030

April 20, 2026

Horror in Britain: Gay couple sexually abused a 13-month-old baby to death and filmed it

April 20, 2026

Brussels is troubled over Magyar after his statements on Ukraine

April 20, 2026

Trump says the agreement with Iran will be signed today, while Vance is expected in Islamabad

April 20, 2026

Absurd charges from French Justice against Elon Musk – Analysts do not rule out American retaliation

April 20, 2026

€1 billion damage to the Greek State from the illicit cigarette smuggling ring involving “Putin” and the “President”: Hotel, villas, and tankers seized

April 20, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα