First Republic most likely headed for FDIC receivership, sources say; shares drop 40%

Why is this story on this website? Because it was mentioned in todays Mejanomics. Click here to listen to it. David Ashton PUBLISHED FRI, APR 28 2023 8:22 AM EDT UPDATED 4 HOURS AGO Jesse Pound@/IN/JESSE-POUND@JESSERPOUND Gary Hershorn | Corbis News | Getty Images Shares of First Republic dropped sharply Friday as hopes dimmed for a rescue … Continue reading First Republic most likely headed for FDIC receivership, sources say; shares drop 40%