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The Latest Breaking News from First Republic Bank

Stock Index Futures Move Higher as Investors Await Key U.S. GDP Data, Meta Surges on Upbeat Earnings

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Barchart

First Republic Bank stock plunges nearly 60% in a week

First Republic Bank's stock continued to sink Wednesday, an ongoing rout that has erased 60% of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses.

France 24

ASX falls, Japan's Kirin to buy Blackmores for $2 billion, Wall St eases as First Republic banking crisis outweighs tech profits — as it happened

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

ABC News

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Dow Jones Futures Rise: Meta Soars, Drug Giants Climb, Specialty Chip Plays Dive

Futures: Meta Platforms boomed on earnings, but megacap techs can't hide broad market rally weakness. First Republic dived again.

Investors Business Daily

First Republic’s market value plunges below $1bn from $40bn peak

Reports show US govt may not intervene in rescue process and regulators may downgrade bank’s score, compounding stress.

Al Jazeera

Tech-Stock Strength Partially Outweighs Banking Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.64%. Stock indexes Wednesday settled mixed, with the S&P 500...

Barchart

First Republic Bank shares plummet, reigniting fears about U.S. banking sector

Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.

WEKU

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Stocks Mixed as Microsoft Leads Tech Higher and First Republic Weighs on Banks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.96%. U.S. stock indexes this morning are mixed, with the...

Barchart

Shares of First Republic Bank continue to slide

Shares of First Republic Bank are continuing on their downturn before the market open Wednesday as investors remain jittery about the bank’s financial health

The Independent UK

British American Tobacco fined $635 million for violating sanctions on North Korea

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and…

France 24

First Republic Pleads With Big Banks For Rescue. Regulators Weigh Downgrade

First Republic Bank fights for survival, telling banking giants that a rescue would be in their interest. FRC stock keeps crashing to new lows.

Investors Business Daily

Markets Today: Stock Index Futures Gain as Microsoft Leads Tech Stocks Higher

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +1.01%. U.S. stock index futures this morning are moderately higher. A jump of more than +7% in Microsoft in pre-market trading is leading technology stocks higher...

Barchart

11 Bank Stocks Tank Again — Fueling Financial Crisis Dumpster Fire

Just when you thought the S&P 500 banking crisis was over, tanking financial stocks remind investors the crisis still rages.

Investors Business Daily

First Thing: Sudanese flee homeland as airstrikes threaten ceasefire

Long lines are forming at the borders as people fleeing fighting around the capital face daylong waits and demands for visas in order to cross to safety

The Guardian - UK

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The Guardian - UK

New CBI boss says she is ‘profoundly sorry’ to women let down by business group – as it happened

As Rain Newton-Smith takes over as CBI director general, the boss of drugmaker GSK calls claims around CBI ‘absolutely shocking’ and ‘repulsive’

Al Jazeera

First Republic shares hit record low after depositors pull $100bn

First Republic’s stock closes down nearly 50 percent amid questions about San Francisco lender’s future.

The Guardian - US

First Republic Bank shares fall 50% after reporting dramatic slump in deposits

Bank now faces tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities

ABC News

ASX slips as inflation slows, Wall Street sinks on recession fears as First Republic Bank plunges 49pc

The Australian share market closed slighlty lower after the latest ABS figures showed that inflation fell from its December quarter peak, while Wall Street suffered its biggest falls in a month as fears of a banking crisis resurfaced, leading to shares of First Republic Bank plunging 49 per cent overnight.

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Investors Business Daily

Dow Jones Futures Rise On Microsoft, Boeing; First Republic Fights For Survival

Tech futures popped as Microsoft jumped and Google rose on earnings. The S&P 500 tumbled Tuesday as First Republic Bank crashed.

Barchart

Stocks Tumble on Disappointing Earnings and a Slide in U.S. Consumer Confidence

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.81%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.89%. U.S. stock indexes this morning are moderately lower, with...

Barchart

Markets Today: Stock Index Futures Slide as Regional Bank Stocks Fall

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.43%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.40%, both at 1-1/2 week lows. U.S. stock index futures this morning are sliding on weakness in regional bank stocks after First Republic Bank reported smaller-than-expected Q1...

France 24

Netflix doubles down on South Korean content with $2.5 billion investment

The US streaming platform Netflix says it's doubling the amount of money invested to create new Korean films and TV shows over the next four years, hoping to capitalise on the success of series like "Squid Game". The announcement came after Netflix's CEO met with South Korean President Yoon Suk-yeol…

The Independent UK

First Republic clients pulled $100B in deposits during panic

Depositors at First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis

Investors Business Daily

Dow Jones Futures: First Republic Bank Crashes 20% On 'Unprecedented' Deposit Flight

Dow Jones stock futures: Amazon, Google, Meta and Microsoft are set to report earnings this week. First Republic Bank dived on earnings.

StockNews.com

First Republic Bank Reports Earnings This Month -- Sell While You Can

Despite benefiting from the vote of confidence from 11 large banks, First Republic Bank (FRC) is skating on thin ice. Hence, it could be wise for investors to keep their distance, as its upcoming earnings release might trigger another meltdown in the stock. Read on….

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