Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder. Alecta took a loss in the deal after losing…
#swedish #firstrepublicbank #siliconvalleybank #signaturebank #firstrepublicbanks #svb #magnusbilling #firstrepublic #sweden #coinbase