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Tag Archives: first republic bank

First Republic Bank is Gone; What Will Happen to BTC?

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin endured a small dip in early May after it was revealed the drama surrounding First Republic Bank reached a new peak. Right now, the sentiment is that the bank could be the final monetary institution that crashes and burns following a long streak of banks that did the same. The streak includes names like...

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Bitcoin Spikes Following More Banking Troubles

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin rose eight percent in late April after First Republic Bank fell under a negative light, and many analysts believed it would be next to collapse. Bitcoin Spikes Following More Issues with Banks Bitcoin had fallen into the high $20,000 range prior, a near $3,000 dip from the $30K, ten-month high it had...

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PacWest Cuts Dividend as Regional Banks Recovery Deepens

Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods. PacWest Bancorp (NASDAQ: PACW), an American regional bank with headquarters in Beverly Hills, California has reduced its shareholder’s dividends amid the current banking crisis. This bold gesture has helped ticked the sheer recovery in the shares of the regional bank. As reported by...

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PacWest Bancorp Mulls Sale of Entire Holding Company amid 80% Stock Drawdown since March

Los Angeles-based PacWest is considering several strategic options, including a sale, amid a banking crisis-induced stock plunge. Bank holding company PacWest Bancorp is reportedly mulling a sale following Wednesday’s 50% stock crash. The regional bank is weighing strategic options amid the US banking crisis, which sank three financial institutions in March. A Bloomberg report said PacWest shelved previous efforts to raise capital to remain afloat and now strongly considers selling all...

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Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike

Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000. On Wednesday, May 3, the US Federal Reserve announced another 25 basis points rate hike taking the US funds rate to more than 5% for the first time since 2007. In hours after the Fed announced the rate hike, Bitcoin (BTC) made a quick surge of more than 2% taking the price above $29,000. This Bitcoin price surge amid the recovery in the broader...

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JPMorgan Chase Acquires First Republic Bank After Months-Long Crisis

American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank. As reported by CNBC, JPMorgan Chase & Co (NYSE: JPM) acquired all of the deposits of First Republic Bank (NYSE: FRC) and a substantial number of its shares. The acquisition was made possible after regulators took a hold of the bank on Monday. This notably placed the collapse of First Republic Bank as the worst in the US banking ecosystem...

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US Officials in Urgent Talks to Rescue First Republic Bank

In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance. The banking crisis unfolds further, with the US officials trying to coordinate with the private sector to reach an agreement on the future of First Republic Bank (NYSE: FRC) which is under scrutiny as a result of a loss of almost $72 billion in deposits within three months. Currently,...

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Bitcoin Breaches $28,000 amid Renewed First Republic Bank Crisis

While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier digital currency is changing hands at $28,810.19 after printing a 5.41% growth over the past 24 hours. Riding on its current outlook, the cryptocurrency is now paring off the losses it...

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