News

SVB collapse: First Republic Bank’s rating slashed to junk status

By Zach Halaschak
Published March 15, 2023 2:57pm ET
Add Washington Examiner on Google
SVB collapse: First Republic Bank’s rating slashed to junk status
A trader works on the floor at the New York Stock Exchange in New York, Monday, March 13, 2023. | (Craig Ruttle/AP)

First Republic Bank is hemorrhaging value after Standard and Poors cut its rating to junk status on Wednesday amid broader fears about the banking sector in the wake of the collapse of Silicon Valley Bank.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Finance Markets Silicon Valley Bank