The US Securities and Exchange Commission (SEC) is launching an investigation into First Republic Bank executives over allegations of insider trading. The investigation centers on the conduct of executives before the bank’s seizure and subsequent sale to JP Morgan Chase & Co. According to Bloomberg, the SEC is specifically investigating
Before the US market could recover completely from the bank collapse, another major bank crisis occurred in the US. After the continuous collapse of Silicon Valley Bank and Signature Bank, the shares of First Republic Bank dropped to their lowest level after losing half of their value. The stock price
First Republic Bank’s ($FRC) share price plunged around 50% as it lost more than $100 billion in customer deposits. Despite this, Bitcoin’s (BTC) price surged over 6% to the $29K price range. After losing more than half of its deposits, First Republic Bank has a steep slope to climb to
