First Republic Bank (FRC) halted again on volatility, last up 15%
First Republic Bank (FRC) halted again on volatility with shares sharply off the lows, but consolidating some gains:
- last up 15% after being down as much as 35% earlier
- moments ago, reports surfaced First Republic Bank is poised to get $30 billion in deposits from banks
- CNBC said the figure is closer to $20 billion
- WSJ said the figure is between $25-$30 billion.
- JPMorgan and Morgan Stanley are said to be involved