Trends - First Republic Bank - Business Recorder

First Republic Bank

Goldman CEO says India has high growth trajectory

Goldman Sachs Chief Executive Officer David Solomon said India now had a very high growth trajectory, with a...

Published 28 Jun, 2023 11:50am

Markets

Erdogan names Erkan to head Turkiye central bank, policy pivot expected

ISTANBUL: President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States,...

Published 09 Jun, 2023 01:32pm

Business & Finance

JPMorgan to close 21 First Republic Bank branches

NEW YORK: JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it...

Published 05 Jun, 2023 03:27am

Business & Finance

JPMorgan to close 21 First Republic Bank branches

NEW YORK: JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it...

Published 01 Jun, 2023 06:54pm

Business & Finance

JPMorgan CEO says unlikely to acquire other struggling banks

NEW YORK: JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank will acquire any ...

Published 22 May, 2023 06:23am

Markets

Western Alliance says no unusual deposit outflows after First Republic sale

Western Alliance Bancorp said on Wednesday it had not experienced unusual deposit outflows following the sale of...

Published 04 May, 2023 11:15am

Markets

Banks, energy stocks lead Wall St slide ahead of Fed meeting

NEW YORK: US stock indexes tumbled on Tuesday, led by banks and energy shares, as investors fretted about the impact...

Published 03 May, 2023 06:35am

Markets

Japan’s Suzuki: Will stay vigilant to fallout from US bank failure

INCHEON: Japanese authorities will continue to watch “with a strong sense of alarm” the potential fallout from First...

Published 02 May, 2023 10:47am

Markets

Gold prices flat on caution ahead of Fed meeting

Gold prices were flat on Tuesday, as cautious market participants awaited fresh cues from top central banks on their...

Published 02 May, 2023 10:40am

Markets

Treasury bills squeezed as debt ceiling deadline looms

SINGAPORE: Short-dated Treasury bills were under pressure on Tuesday and the cost of insuring against a US default...

Published 02 May, 2023 10:31am

Markets

Stocks on edge as traders wait on central bankers

SINGAPORE: Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data...

Published 02 May, 2023 10:21am

Markets

Oil falls 4% to five-week low on US default worries, weak economic data

NEW YORK: Oil prices sank 4% to a five-week low on Tuesday along with a drop in Wall Street stocks on worries about...

Updated 02 May, 2023 11:13pm

Markets

Most Japanese shares retreat on banking jitters ahead of Golden Week break

TOKYO: Most Japanese shares declined on Tuesday as jitters surrounding the US banking system weighed on domestic...

Updated 02 May, 2023 11:40am

IMF says more vulnerabilities in banking sector may be exposed

BEVERLY HILLS, (California): International Monetary Fund Managing Director Kristalina Georgieva said on Monday she...

Updated 02 May, 2023 08:46am

Business & Finance

US regulators seize California's First Republic Bank

SAN FRANCISCO: US financial authorities have taken possession of California's troubled First Republic Bank, which...

Updated 01 May, 2023 07:25pm

Business & Finance

JPMorgan to buy First Republic after regulators seize control

SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to...

Published 01 May, 2023 05:25pm

Markets

Currencies in limbo awaiting packed week of central banks

SYDNEY: Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced...

Published 01 May, 2023 10:48am

Markets

PNC, JPM, Citizens among final bidders in First Republic auction

PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that...

Published 01 May, 2023 10:21am

Business & Finance

US FDIC asks JPMorgan, PNC for final First Republic bids due Sunday

The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services...

Published 29 Apr, 2023 12:57pm

Markets

World’s biggest bond markets left picking up the pieces after March mayhem

AMSTERDAM/NEW YORK: In mid-March, as prices for US Treasury bonds swung wildly following the collapse of Silicon...

Published 28 Apr, 2023 11:48am

Business & Finance

First Republic Bank shares plummet day after hitting record low

First Republic Bank’s shares fell nearly 10% in premarket trading on Wednesday as analysts highlighted concerns...

Published 26 Apr, 2023 06:36pm

Markets

Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue

SINGAPORE: The US dollar and the yen, both safe haven assets, were mostly steady after spiking higher overnight as...

Published 26 Apr, 2023 10:06am

Markets

Australia dollar falters, bonds rally after core inflation surprises to downside

SYDNEY: The Australian dollar took a further knock on Wednesday while bonds extended their rally after a downward...

Published 26 Apr, 2023 09:37am

Business & Finance

First Republic Bank deposits tumble more than $100bn as it explores options

NEW YORK: First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged...

Published 26 Apr, 2023 06:15am

Markets

First Republic Bank deposits tumble more than $100bn as it explores options

First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more...

Published 25 Apr, 2023 11:54am

Markets

First Republic shares volatile as capital infusion remains in limbo

Shares of First Republic Bank were volatile in morning trading on Wednesday as the regional lender struggled to...

Published 22 Mar, 2023 07:54pm

Markets

Indian rupee may open stronger as risk sentiment improves; Fed eyed

MUMBAI: The Indian rupee is expected to strengthen against the dollar on Tuesday as Asian markets attempt to shake...

Published 21 Mar, 2023 11:34am

Business & Finance

Two weeks of banking turbulence

PARIS: After three US regional lenders collapsed and UBS swooped to buyout troubled Credit Suisse to avoid a wider...

Published 20 Mar, 2023 06:58pm

Markets

First Republic shares fall as private placement report stirs fresh liquidity fears

Shares of First Republic Bank slumped 16% on Monday, leading losses among US lenders in premarket trading, after a...

Published 20 Mar, 2023 03:36pm

Markets

US regulator sells failed Signature Bank assets to another lender

SAN FRANCISCO: The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to...

Published 20 Mar, 2023 12:04pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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