Singapore Markets closed

First Republic Bank (FRC-PH)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
6.25-0.38 (-5.73%)
As of 11:44AM EDT. Market open.
Full screen
Loading interactive chart…
  • Yahoo Finance Video

    What is Moral Hazard?

    First it was the Silicon Valley Bank (SIVB) fallout, followed by Signature Bank (SBNY). Then Credit Suisse (CS) was bought out at a fire sale price by UBS, in a deal orchestrated by the Swiss National Bank. There’s been a flurry of news surrounding the banking crisis, or turmoil, as some may call it, and as a result there is one term that has made its own resurgence - “moral hazard”. “Moral hazard” is essentially when one entity engages in an activity of elevated or heightened risk, knowing that another party or entity is their safety net. Yahoo Finance’s Brad Smith breaks down what “moral hazard" is in layman’s terms, giving you his very own example of a time he exhibited “moral hazard” - and it’s not what you think.

  • Reuters

    First Republic's marginal gains keep stock close to record-low levels

    San Francisco-based First Republic is in talks with its peers and investment firms about capital infusions following the shutdown of Silicon Valley Bank and Signature Bank due to bank runs. First Republic's shares have lost nearly 90% of their value this month, the worst performing stock among the members of S&P 1500 regional banks index, which has fallen 30.2% during the same period. Treasury Secretary Janet Yellen on Wednesday dashed all hopes that U.S. regulators would insure all consumer deposits through the end of the banking crisis, sending First Republic's stock down 15% on the day.