First Republic Stock Plunges After Bank Rescue Plan, Dividend Suspension

First Republic Stock Plunges After Bank Rescue Plan, Dividend Suspension

Upworthy

Published

First Republic Bank shares fell more than 30% Friday after a multibillion-dollar rescue deal orchestrated by the biggest U.S. banks failed to convince investors that the troubled lender is on solid footing. The move erased the gains that came Thursday, when a group of banks including JPMorgan…

#firstrepublicbank #jpmorganchaseco #citigroupinc #bankofamericacorp #wellsfargoco #firstrepublic

Full Article