First Republic most likely headed for FDIC receivership, sources say; shares drop 20%

TL;DR

Reuters reported on Friday that U. Those mortgages, as well as other long-term assets on the bank's balance sheet, have fallen in market value since the Fed began hiking rates last year, making investors worried that the bank would have to book a sizeable loss if forced to sell those assets to raise cash. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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