First Republic Bank, 13th Largest, About to Go Under. It is Expected to Be Seized by The US Government.
Bailout fail! Consequences of treating the symptoms and not the cause. Going bankrupt slow, then allofasudden! Another bank went bankrupt in the US. Shares of American bank First Republik fell by almost 50 percent. By the time the stock exchange closed, it was trading at the lowest level in history – about $8.1 per paper. … Read more