First Republic Bank downgraded to junk by S&P and Fitch on risk of clients pulling deposits in the wake of SVB failure

(March 16 03:20) Businessinsider.sg

First Republic faces an "elevated" risk of depositors running to reclaim their cash in the wake of SVB's failure, S&P Global Ratings says.

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First Republic Bank downgraded to junk by S&amp;P and Fitch on risk of clients pulling deposits in the wake of SVB failure