According to the daily trading results on March 17, the value of the shares of the American bank First Republic Bank fell by about 30%. One of the main reasons for such dynamics were reports that a business might be sold to a credit institution. to witness Statistics from the NASDAQ exchange, which specializes in high-tech stocks.
Thus, as of 17.09 Moscow time, the value of First Republic Bank securities fell by 29.17%. Currently, quotas are down to $22.02 per share. Thus, another sharp decline in the value of securities occurred in the American financial market.
with similar problems before faced major investment bank Silicon Valley Bank. The 60% decline in the value of its shares eventually led to the closure of the credit institution by the Department of Financial Protection and Innovation.
March 17 Bloomberg, citing the source reportedIt has been announced that 11 of the largest US banks will invest $30 billion in their own deposits in California investment First Republic. Financial support will be provided as part of the recovery of the credit structure.