Washington (US) – After Silicon Valley Bank and Signature Bank, the First Republic Bank in the US is about to go bankrupt. First Republic Bank shares fell by 61.83%. The shares have been declining for almost a week. The shares of this bank are now $19. When the Silicon and Signature banks had reached such a situation, they were shut down. Hence, possibly the First Republic Bank will land in the same situation.
अब First Republic Bank पर लटकने वाला है ताला, हफ्ते भर के अंदर अमेरिका में तीसरा बैंक कंगाल! https://t.co/K5RooIq9g3
— AajTak (@aajtak) March 15, 2023
Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade. Western Alliance Bancorp., Intrust Financial Corp., UMB Financial Corp., Zions Bancorp. and Comerica Inc. were the other lenders put on review by Moody’s.
A similar situation like the inflation in 2008 is about to be created again in the US.