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FRC Stock News Image - Yahoo Finance

Yahoo Finance Live's Rachelle Akuffo reports on former SVB and former First Republic CEOs testifying before Congress to address the banking collapse of SVB and First Republic.

Yahoo Finance 2023 May 17
FRC Stock News Image - Forbes

First Republic's former CEO Mike Roffler testified Wednesday his bank became the second-largest failed lender in American history for factors other than its “herculean” leadership team.

Forbes 2023 May 17
FRC Stock News Image - Reuters

The former chief executive of the First Republic Bank Michael Roffler blamed contagion spread from the failures of regional banks for the bank's collapse and said regulators did not express concerns regarding the bank's strategy, liquidity, or management performance.

Reuters 2023 May 17
FRC Stock News Image - Benzinga

About a day before First Republic Bank FRCB went bust, bought $3 strike puts on it. I wrote this on my trading Substack afterwards, at the beginning of this month:

Benzinga 2023 May 16
FRC Stock News Image - Bloomberg Markets and Finance

Famed short-seller Michael Burry loaded up on regional lenders last quarter amid the turmoil in the industry, according to regulatory filings. Meanwhile, billionaire investing titans Stanley Druckenmiller and David Tepper loaded up on stocks benefiting from the artificial intelligence boom.

Bloomberg Markets and Finance 2023 May 15
FRC Stock News Image - Reuters

Billionaire investor Jim Simons' Renaissance Technologies LLC was among the prominent funds that took positions in embattled regional bank First Republic Bank during the first quarter ahead of the firm's May 1 collapse, according to securities filings released on Monday.

Reuters 2023 May 15
FRC Stock News Image - CNN Business

To some, the question of where to keep your money safe might seem obvious — go with one of the big guys, the banks that have been deemed "too big to fail." Their ATMs and branches are ubiquitous, their mobile apps sleek and user-friendly.

CNN Business 2023 May 14
FRC Stock News Image - InvestorPlace

The government's response to maintain stability in the banking system creates stock winners from First Republic failure. First Republic Bank is the second largest bank with assets over $200 billion to fail, This follows the failure of Silicon Valley Bank, Credit Suisse, and Signature Bank.

InvestorPlace 2023 May 11
FRC Stock News Image - The Motley Fool

A broken stock does not mean a broken company.

The Motley Fool 2023 May 08
FRC Stock News Image - WSJ

First Republic Bank's failure demonstrates why lenders are vulnerable to a loss of faith.

WSJ 2023 May 07
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