The Latest Breaking News from First Republic

Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way?

Stock futures add to gains as bank crisis concerns ease; Treasury Said To Mull Expanded U.S. Bank Deposit Guarantees; Nvidia CEO Jensen Huang set for keynote address on AI technology; Tesla edges higher after Moody's lifts 'junk status' rating and Nike Q3 earnings on deck as rival Adidas staggers from…

Shares in the midsized lender continued to tumble as fears grow about First Republic's financial health grow even after it received a $30 billion lifeline from its bigger rivals last week.

Efforts to reassure the public that First Republic is safe have so far been unsuccessful as bank's shares plunge.

The Dow Jones rallied even as the latest Fed meeting, led by Jerome Powell, looms. First Republic stock plunged. A Donald Trump stock surged.

“What the Fed saw as the big potential threats didn’t materialize, and the threat that did materialize they didn’t see coming,” says Thomas Hogan, a senior fellow at the American Institute for Economic Research.

The pressure is increasing on the Californian bank, which continues to repeat that it has enough liquidity.

The US bank may need to raise more funds despite a $30bn rescue last week

Swiss bank UBS agreed to buy Credit Suisse Sunday in a government-backed deal; First Republic downgraded, plans stock sale.