CBS News
•Business
Business & Economics
First Republic shares surge on reports that big banks may add deposits
Summary
Nutrition label
87% Informative
Wall Street Journal: Citigroup and Wells Fargo in talks to deposit billions of assets into First Republic.
Bank's market value has dropped from more than $22 billion in January to less than $7 billion.
Comes as Silicon Valley Bank's sudden seizure by regulators spooked investors.
VR Score
90
Informative language
90
Neutral language
67
Article tone
formal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
https://www.wsj.com/articles/jpmorgan-morgan-stanley-and-others-in-talks-to-bolster-first-republic-4f9eeb76https://twitter.com/americanglowhttps://www.bloomberg.com/news/articles/2023-03-16/us-pushes-first-republic-rescue-with-big-banks-after-stock-slump?srnd=premium&sref=sBMxP0gThttps://news.firstrepublic.com/news-releases/news-release-details/first-republic-bank-strengthens-and-diversifies-liquidity
Source diversity
4
Affiliate links
no affiliate links