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Home / Metal News / Demise of another US Bank Is Imminent, Banking Crisis Not Over Yet

Demise of another US Bank Is Imminent, Banking Crisis Not Over Yet

Apr 27, 2023 16:49

Source:SMM

On Wednesday, Eastern Time, First Republic Bank opened down about 11%. After news that the U.S. government is currently unwilling to take intervention measures against it, the stock price fell rapidly, with the decline expanding to nearly 20%.

On Wednesday, Eastern Time, First Republic Bank opened down about 11%. After news that the U.S. government is currently unwilling to take intervention measures against it, the stock price fell rapidly, with the decline expanding to nearly 20%.

There are also reports that potential buyers are already being approached to take over a stake as part of a rescue plan for the struggling bank, which would dilute equity of existing shareholders.

Macro economy

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