First Republic Bank reportedly exploring potential sale after credit downgrade

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The Silicon Valley Bank crisis has spread throughout the financial sector, with First Republic Bank now exploring a potential sale after its credit downgrade by Fitch.

Opimas LLC CEO Octavio Marenzi discusses whether the banking crisis has been contained after Silicon Valley Bank and Credit Suisse received financial support on 'Varney & Co.'

The San Francisco-based bank is also weighing other alternatives, including shoring up liquidity, according to First Republic, which has more than 80 branches across the U.S., contacted customers over the weekend in an attempt to reassure them about its health. First Republic, which has more than 80 branches across the U.S., contacted customers over the weekend in an attempt to reassure them about its health.

 

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FUD. This is old news and they’re not selling after 30bn injection from other banks.

I've seen this game before. Someone will only buy it with fed intervention to help, IE - THEY PAY FOR IT.

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