Quick Take

  • First Republic Bank’s share price is down 50% in the past 5 days and got 11 major U.S banks to pledge $30 billion, but the stock continued to slide during today’s pre-market, down 14%.
  • Credit Suisse is also down 9% during pre-market.
  • SVB financials files for chapter 11 bankruptcy in New York
  • As a result, Gold increases gains by 1% to 1,936
  • Bitcoin extends gain approaching $27,000
First Republic Deposit: (Source: Charlie Biello)
First Republic Deposit: (Source: Charlie Biello)

The post Banks resume slide as First Republic gets $30B in deposits. When was throwing money at a problem the answer? appeared first on CryptoSlate.

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