
Banks resume slide as First Republic gets $30B in deposits
Credit Suisse and First Republic Bank slide during pre-market, while SVB files for bankruptcy.
James Van Straten / Mar. 17, 2023 at 12:22 pm UTC
Quick Take
- First Republic Bank’s share price is down 80% in the past month and got 11 major U.S banks to pledge $30 billion, but the stock continued to slide during today’s pre-market, down 14%.
- Credit Suisse is also down 9% during pre-market.
- SVB financials files for chapter 11 bankruptcy in New York
- As a result, Gold increases gains by 1% to $1,936.
- Bitcoin extends gain approaching $27,000.

Latest Insights
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.