Jay Ritter

First Republic Is Hanging On for Dear Life. Where Does the Bank Go From Here?

First Republic bank is under serious pressure after its latest quarterly earnings further sunk its stock, triggering fresh speculation about what options, if any, remain for the financial institution to survive.

“I’m a little surprised they’ve made it til Thursday afternoon; the press reports are bad,” said Jay Ritter, a professor of finance at the University of Florida. “It would be a long shot that First Republic continues on in pretty much its current form.” 

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