Shares of First Republic Bank tumbled 14.6% toward a record low Monday, after the troubled bank had its credit rating slashed deeper into junk territory over...
Shares of First Republic Bank FRC tumbled 14.6% toward a record low Monday, after the troubled bank had its credit rating slashed deeper into junk territory over the weekend, as S&P Global Rating said the $30 billion rescue package received last week doesn’t solve the “substantial liquidity and funding challenges.
6% toward a record low Monday, after the troubled bank had its credit rating slashed deeper into junk territory over the weekend, as S&P Global Rating said the $30 billion rescue package received last week doesn’t solve the “substantial liquidity and funding challenges. S&P said Sunday that it cut its rating on First Republic by another three notches to B+, just four days after cutting it by four notches to BB+, the first speculative grade, or junk rating, from A-.
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