Tag: bank crash

US Taxpayers Could Be On the Hook for Credit Suisse Bailout, Expert Warns

March 21, 2023
bailoutbank crashBusiness & MarketsCredit Suisseeconomic policieseconomyEuropeFedInternationalMarketsPolicies & ImpactstaxesUSUS NewsWorld
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Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million through its dollar swap facility. If the loan is not repaid by next week, U.S. taxpayers will foot the bill, a macroeconomic analyst told The Epoch Times. With its announcement over the weekend, the Fed—in coordination with…

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First Republic’s Stock Resumes Slide Despite Cash Infusion

March 17, 2023
bank crashBusiness & MarketsBusiness ColumnistsCompaniesfinanceFirst RepublicInvestmentMarketsUSUS News
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The share price of First Republic Bank tanked again Friday morning, but did not return to Monday’s lows. Wedbush Securities, a prominent financial services and investment firm, recently issued a downgrade of the stock, citing concerns about the company’s prospects. Its stock fell more than 23 percent, hitting a low for the day of just…

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First Republic Shares Tank Despite Cash Infusion by Big Banks

March 17, 2023
bank crashBusiness & MarketsBusiness ColumnistsCompaniesfinanceFirst RepublicInvestmentMarketsUSUS News
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The share price of First Republic Bank tanked again Friday morning, but did not return to Monday’s lows. Wedbush Securities, a prominent financial services and investment firm, recently issued a downgrade of the stock, citing concerns about the company’s prospects. Its stock fell more than 23 percent, hitting a low for the day of just…

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