S&P Lowers First Republic Bank for Second Time in a Week

The video discusses the recent downgrade of First Republic's credit rating by SP Global from Double B Plus to B Plus, following a previous cut to junk status. Analysts express skepticism about the $30 billion deposit rescue by larger banks, viewing it as a short-term solution. The market reacted negatively, with First Republic shares dropping 33%. The video highlights concerns about the bank's future, given its struggles with deposit outflows amid recent US bank failures, and speculates on potential receivership or acquisition.

How much was the recent deposit put into First Republic by larger banks?

What potential outcomes are being considered for First Republic's future?