Executives have been selling for months, as unlike insider sales
at most companies, those at First Republic
aren’t required to be reported to the Securities and
Exchange Commission.
Instead, the trades were reported to the Federal Deposit
Insurance Corporation.
A handful of banks currently file these forms to the FDIC,
which posts them on a
websitewhere the documents can be accessed one at a time.
As of Wednesday,
First Republic is the only company listed on the S&P
500 index that doesn’t file its insider trades with the
SEC,
a Wall Street Journal analysis shows.
In all,
insiders have sold $11.8 million worth of stock so far this
year at prices averaging just below $130 a share.
Posted by DigiNomad on 16th of Mar 2023 at 01:22 pm
Large banks seem to be realizing that since they are the power
behind the power, it is in their own best interest to start acting
like it.
Hard to imagine that there wasn't a discussion with Yellen
where she asked for help as direct intervention / bailouts by the
Feds was getting a bad rap with the public. Easy case to make -
"hey, we are giving you insanely good terms in this new Fed credit
facility....free money again. Can you at least take some of it and
deposit it in the troubled bank? That way we can avoid perpetuating
the bailout conversation"
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The Wall Street Journal reports
JUST IN: U.S. government working with large banks to devise ...
Posted by retirefire on 16th of Mar 2023 at 12:53 pm
The Wall Street Journal reports that JPMorgan and Morgan Stanley are among a group in talks to bolster First Republic Bank.
Executives have been selling for months, as unlike insider sales at most companies, those at First Republic aren’t required to be reported to the Securities and Exchange Commission.
Instead, the trades were reported to the Federal Deposit Insurance Corporation.
A handful of banks currently file these forms to the FDIC, which posts them on a websitewhere the documents can be accessed one at a time.
As of Wednesday, First Republic is the only company listed on the S&P 500 index that doesn’t file its insider trades with the SEC, a Wall Street Journal analysis shows.
In all, insiders have sold $11.8 million worth of stock so far this year at prices averaging just below $130 a share.
wsj.com
First Republic Bank in Rescue Talks With Biggest U.S. Lenders - WSJ
The beleaguered lender is working on various potential options to shore itself up including a capital raise.
Thanks for posting that gave
Posted by steve on 16th of Mar 2023 at 01:07 pm
Thanks for posting that gave FRC a lift and all other banks
Remember I posted in premarket
Posted by arun on 16th of Mar 2023 at 01:19 pm
Remember I posted in premarket about potential 2 trillion injection
yes nice find Arun
Posted by retirefire on 16th of Mar 2023 at 01:48 pm
yes nice find Arun
You are welcome!!
Posted by arun on 16th of Mar 2023 at 03:01 pm
You are welcome!!
Yes and thanks Arun
Posted by steve on 16th of Mar 2023 at 01:41 pm
Yes and thanks Arun
Large banks seem to be
Posted by DigiNomad on 16th of Mar 2023 at 01:22 pm
Large banks seem to be realizing that since they are the power behind the power, it is in their own best interest to start acting like it.
Hard to imagine that there wasn't a discussion with Yellen where she asked for help as direct intervention / bailouts by the Feds was getting a bad rap with the public. Easy case to make - "hey, we are giving you insanely good terms in this new Fed credit facility....free money again. Can you at least take some of it and deposit it in the troubled bank? That way we can avoid perpetuating the bailout conversation"