First Republic Bank Plunges 90%! S&P downgrades its rating to 'CC': default 'almost inevitable'

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First Republic Bank Plunges 90%! S&P downgrades its rating to 'CC': default 'almost inevitable'

新浪财经2023-05-03

S&P on Tuesday downgraded First Republic Bank's junk-rated credit rating further after it plunged 90% on May 3, after regulators took over the bank and sold its assets to JPMorgan. S&P downgraded the bank to "CC" from "B +" and said it expects a default by First Republic Bank to be "almost inevitable" (Note: First Republic Bank code has changed from FRC to FRCB. First Republic Bank is trading on the pink sheet!) S&P said that with JPMorgan assuming the vast majority of First Republic Bank's assets, given the lack of remaining asset base, it is highly likely that the bank will be in...

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StreetCat
·2023-07-21
The bank is still operational and made profits just not hit expectations
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NancyLuan
·2023-05-05
說說你對這篇新聞的看法...
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JustinYuan
·2023-05-04
那也不能阻擋我買入
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嘞撸虎7
·2023-05-03
閱
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