First Republic Dives Late As FDIC Receivership May Be Imminent; Why Other Bank Stocks Are Unfazed

First Republic Bank stock continued diving after hours on late reports from Reuters that the FDIC is preparing to place the troubled San Francisco-based lender into receivership immediately, according to a person familiar with the matter. The news confirmed earlier reports from CNBC that First…

#firstrepublicbank #fdic #firstrepublic #signaturebank #svb #jpmorganchase #jpm #kre #financialselectspdr #xlf