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First Republic Shares Halted Down 25% As FDIC Considers Lowering Ratings

US
  • FIRST REPUBLIC IS SAID TO FACE POTENTIAL CURB ON FED BORROWINGS (BBG)
  • FDIC CONSIDERS LOWERING BANK’S RATINGS IF DEAL ISN’T REACHED (BBG)
  • FDIC MOVE WOULD LIKELY LIMIT FRC'S ACCESS TO FED’S FACILITIES (BBG)
  • US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank — a move that may curb the troubled firm’s access to Federal Reserve lending facilities.
  • FRC shares have been halted for volatility, down 25%.

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