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2 mins read
First Republic shares crater 50% as banks discuss fresh capital raise after $30 billion rescue
First Republic shares sank Monday on news that big banks were in talks to provide yet another infus…
Zahra Tayeb
2 mins read
Kavin Bharti Mittal’s Hike raises fresh funds for its web3 play-to-earn blockchain gaming project
The company has not disclosed the funds raised by the three investors. However, it plans to use…
2 mins read
The $30 billion reason for Wall Street to save First Republic ASAP
First Republic's rivals will end up paying for its struggles, whether it survives or gets seized by…
Matt Turner
2 mins read
Full dress rehearsal of Republic Day Parade held
The full dress rehearsal of the Republic Day Parade was held at Kartavya Path in Delhi, in which pe…
1 min read
Embattled First Republic bank says it will slash jobs as it explores strategic options
First Republic's stock plummeted Monday after it said deposits plunged by over $100 billion during …
Kaja Whitehouse
2 mins read
First Republic bolsters liquidity after wild weekend of bank failures
First Republic said in a filing it's getting additional funding from the Fed and JPMorgan and that …
Huileng Tan
1 min read
Rupee reverses 4-day losing streak, rises 18 paise to 82.58/USD
The rupee reversed its four-day losing streak and rose 18 paise to 82.58 (provisional) against the …
PTI
2 mins read
Egypt president to be chief guest at Republic Day celebrations
"This is the first time that the President of the Arab Republic of Egypt will be the Chief Guest…
PTI
3 mins read
First Republic handed out billions in ultra-low-rate mortgages to the wealthy. It backfired horribly.
The bank is now fighting for its survival, after its strategy of winning over wealthy clients with …
Matt Turner
1 min read
Rupee rises 8 paise to end at 81.53 against US dollar
The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid …
PTI
2 mins read
Luminary’s Barefoot Boys’ Free Stream during the Republic Day weekend: Hosted by Konkana Sen Sharma
In this podcast series, Konkana Sen Sharma, the celebrated Indian actress, writer, and direc…
2 mins read
First Republic leads a comeback for bank stocks that cratered in the SVB-fueled selloff
First Republic and Western Alliance shares are recovering from huge losses thanks to hopes that Sil…
George Glover
2 mins read
First Republic Bank erases plunge and soars 28% on report of deal talks with larger banks
First Republic Bank is sitting on billions of dollars of unrealized losses in its bond portfolio, s…
Matthew Fox
1 min read
Protesting farmers break barricades at Delhi borders, entering the national capital ahead of time
"But some groups of farmers did not relent and started moving towards the Outer Ring Road brea…
PTI
2 mins read
'Big Short' investor Michael Burry piled into First Republic, PacWest, and other ailing bank stocks last quarter
"The Big Short" investor Michael Burry bought First Republic, PacWest, and other bank stocks last q…
Theron Mohamed
2 mins read
First Republic Bank's stock craters 75% after it taps backstop billions to shore up liquidity
First Republic has said it's getting $70 billion in funding from JPMorgan and the Fed's backstop fo…
Zinya Salfiti
2 mins read
First Republic Bank shares tank 43% after report says the struggling lender is likely to be taken over by the government
The California bank, which saw deposits drop by $100 billion in the first quarter, is likely to be …
Carla Mozée
1 min read
David Einhorn's Greenlight Capital snapped up 2 regional banking stocks during last quarter's turmoil
Einhorn joined "Big Short" legend Michael Burry, who also piled into regional lenders during a quar…
George Glover
1 min read
JPMorgan expects to earn $3 billion more in net interest income this year after its takeover of failed First Republic Bank
JPMorgan raised its 2023 outlook for its net interest income from $81 billion to $84 billion.
Phil Rosen
2 mins read
First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008
Not helping matters is the Federal Reserve's plan for more interest rate hikes, which is what helpe…