As the growing banking crisis spread into a new week, the credit rating of the regional bank was downgraded deeper into junk status by S&P Global, the Guardian reported.
The agency said that the bank, which caters to wealthy clients, probably faced "high liquidity stress with substantial outflows".
US officials are studying how to temporarily expand the protection offered to banking customers by Federal Deposit Insurance Corp (FDIC) to include all deposits, going beyond the current $250,000 cap, Bloomberg reported.
Like the collapsed Silicon Valley Bank (SVB), a large proportion of First Republic's customers hold more than the $250,000 amount guaranteed by federal insurance.
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Denne historien er fra March 22, 2023-utgaven av The Statesman.
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Why is PM Modi not going to Manipur?
Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav on Monday questioned Prime Minister Narendra Modi's absence from Manipur, asking why he hasn't Visited the state amidst the ongoing Violence.
Biden authorizes Ukraine to strike Russia with US missiles
Russia also launched a massive drone and missile attack
Travis Head backs Rohit Sharma's decision to skip opening BGT Test
Australia batter Travis Head has extended his support to Rohit Sharma's decision to skip the opening Test of the Border-Gavaskar Trophy to be with his wife following the birth of their second child.
Indian top-order set for rejig with Rohit, Shubman set to miss first Test
Team India face top order headache with skipper Rohit and opener Gill missing Perth Test
Australia overpower Pakistan in Hobart contest, sweep T20I series 3-0
All-rounder Marcus Stoinis' marvellous fifty helped Australia to clean-sweep Pakistan in the three-match T20I series on Monday.
IOA pledges support to KKFI to host inaugural Kho Kho World Cup
India is set to host the inaugural Kho Kho World Cup at the IGI Stadium here from 13 to 19 January, marking a landmark moment in the world of traditional sports.
Champions Trophy 2025: PCB chief expresses willingness to talk to BCCI to break deadlock
Reiterating its stance of not using a hybrid model for the upcoming 2025 ICC Champions Trophy, Pakistan Cricket Board (PCB) president Mohsin Naqvi on Monday said he still retained \"positive expectations\" about the tournament, and added that he is willing to speak to the BCCI to break the deadlock that arose after the Indian board refused to send its team to Pakistan, citing security concerns.
Blow for Arsenal as Trossard gets injured on national duty
Arsenal manager Mikel Arteta faces yet another selection headache as Leandro Trossard was forced off with an apparent injury during Belgium's Nations League clash against Israel.
Jannik Sinner defeats Taylor Fritz to win ATP Finals, reaches historic landmark to end superb season on memorable note
Jannik Sinner made history in the ATP Finals by becoming the first Italian champion in the tournament's 55-year history following his comprehensive victory over Taylor Fritz.
ISL: U nperturbed bypressure,Ayush Chikkam eyes main role for Mumbai City
Mumbai City FC, the defending champions of the Indian Super League (ISL) Cup, are known for nurturing and bringing in young talent through their ranks.
