Insights

Banks resume slide as First Republic gets $30B in deposits

exchange68September 13, 2024

0 1 1 minute read

Quick Take

First Republic Bank’s share price is down 80% in the past month and got 11 major U.S banks to pledge $30 billion, but the stock continued to slide during today’s pre-market, down 14%.
Credit Suisse is also down 9% during pre-market.
SVB financials files for chapter 11 bankruptcy in New York
As a result, Gold increases gains by 1% to $1,936.
Bitcoin extends gain approaching $27,000.

First Republic Deposit: (Source: Charlie Biello)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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