The Latest Breaking News from First Republic

Credit Suisse intends to borrow up to $54 billion from the Swiss National Bank to shore up liquidity.

The Dow Jones dropped 300 points Thursday on initial jobless claims. Regional bank First Republic plunged 35% on possible sale.

"America’s larger banks stand united with all banks to support our economy and all of those around us," U.S. lenders said in a group statement Thursday.

Stocks futures slide as bank crisis concerns linger; Credit Suisse grabs $54 billion lifeline from Swiss National Bank; European Central Bank rate decision on deck as financial sector trembles; First Republic shares slump amid bank sale reports and FedEx earnings up next as cost-cutting accelerates.

Stocks of major U.S. lenders sank with a sector gauge hitting the lowest level since November 2020 on Wednesday, following European banks down after Credit Suisse Group AG plunged.

Dow Jones fell after bank run contagion spread to Credit Suisse. First Republic got a rating slash from S&P Global Ratings

Dow Jones futures tumbled as Credit Suisse plunging, leading a European bank sell-off after the Nasdaq reclaimed key levels Tuesday.

The credit-rating company plans to downgrade the ratings of U.S. regional banks after Silicon Valley Bank collapsed.

Locked out of her three accounts with failed Silicon Valley Bank, cookbook author Anna Vocino spent the weekend in a state of high anxiety, unsure about the future of her sauces and spices company.

“We need to learn something from that and take actions based upon the lessons learned," Alecta CEO Magnus Billing told Bloomberg on Tuesday.

The Dow Jones rallied 400 points Tuesday on a key inflation report. First Republic surged 60% on easing banking fears.