Alecta, Sweden's biggest pension fund, has sold all its shares in ailing U.S lender First Republic Bank at a loss of $728 million, Alecta spokesperson Jacob Lapidus said on Tuesday.
A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar
STOCKHOLM, March 21 - Alecta, Sweden's biggest pension fund, has sold all its shares in ailing U.S lender First Republic BankAlecta has been hit by the collapse of Silicon Valley Bank as the pension fund was invested into three niche banks that all face liquidity fears.its credit rating to junk status.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Swedish pension fund Alecta dumps First Republic Bank shares after price plummetsSwedish pension fund Alecta lost around $728 million on its sale of shares in First Republic Bank, after losing money in the collapse of Silicon Valley Bank and Signature Bank.
Weiterlesen »
First Republic Bank Looms Large for U.S. Regulators After Credit Suisse SaleAfter UBS agreed to purchase Credit Suisse, Treasury Secretary Janet Yellen and Fed Chair Jerome Powell sought to reassure investors in the U.S. where First Republic Bank has become U.S. officials’ main concern
Weiterlesen »
First Republic Bank: Shares fall 17% following second credit rating downgradeShares of First Republic Bank tanked by over 17% in premarket trading Monday morning amid news that S&P Global issued its second credit downgrade for the embattled bank within a week.
Weiterlesen »
WSJ News Exclusive | Jamie Dimon Leading Efforts to Craft New First Republic Bank Rescue PlanBreaking: JPMorgan Chase CEO Jamie Dimon is leading discussions with the chief executives of other big banks about fresh efforts to stabilize troubled First Republic Bank
Weiterlesen »
First Republic Bank shares slide in volatile trading sessionTrading in shares of First Republic Bank was halted multiple times on Monday as uneasiness still surrounds the financial institution following its $30 billion rescue package. First Republic Bank received a $30 billion rescue package from 11 of the biggest U.S.
Weiterlesen »
First Republic Bank shares slide, trading halted in volatile trading sessionTrading in shares of First Republic Bank was halted multiple times on Monday as uneasiness still surrounds the financial institution following its $30 billion rescue package.
Weiterlesen »