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The US Securities and Exchange Commission (SEC) is launching an investigation into First Republic Bank executives over allegations of insider trading. Moreover, Bloomberg reported that the investigation is observing the conduct of executives prior to the bank’s seizure and subsequent sale to JP Morgan Chase & Co.  The SEC is specifically investigating whether members of its executive team improperly traded using inside information. Additionally, two people familiar with the matter disclosed the existence of the investigation and its content.  JUST IN: SEC launches investigation into First Republic Bank $FRC executives for insider trading. — Watcher.Guru (@WatcherGuru) May 5, 2023 SEC Probe First Republic Insider Trading Claims The fall of First Republic Bank was one of many bank failures that have been observed this year. Moreover, the determination followed a similar fate for both Silicon Valley Bank and Signature Bank. Conversely, the SEC seems to be launchi...

First Republic Bank has continued its downward spiral, as shares have fallen another 37% today. Moreover, the plummeting price continues as rumors of a potential government rescue deal persist. Specifically, US officials are reportedly in talks to commence an urgent rescue of the troubled bank. Shares of First Republic Bank are down approximately 96% since the start of the year. Additionally, Fox Business reported that the stock had fallen more than 50% at midday trading and more than 70% since last month.  JUST IN: First Republic Bank $FRC falls another 37% amidst rumors of a government takeover. pic.twitter.com/gKhyu2eLBk — Watcher.Guru (@WatcherGuru) April 28, 2023 First Republic Bank Fall Continues A month after a budding banking crisis began in the US, one financial institution is on the brink of collapse. Specifically, First Republic Bank has continued its descent, falling another 37% today. Ultimately falling more than 96% since the start of 2023.  ...