Shares of US lender First Republic tumbled nearly 50 per cent yesterday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group’s state-backed takeover of Credit Suisse. Less than a week after large US banks pumped US$30 billion…
Credit Suisse Crisis Fears Eases As First Republic Shares Dive – BusinessToday
2023-03-21T01:16:31-04:00March 21st, 2023|
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