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First Republic bank to suspend dividends on preferred stock

09 April 2023 [09:35] - TODAY.AZ

First Republic Bank said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock "as a measure of prudent oversight".

Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank.

Large U.S. banks injected $30 billion in deposits into First Republic Bank last month to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-sized U.S. lenders.


URL: http://www.today.az/news/regions/233624.html

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