AU Small Finance Bank Ltd Share price NSE, BSE today: check share/stock price of AUBANK, get live NSE/BSE stock price of AU Small Finance Bank Ltd with financial reports, peer comparisons, stock performance, about company, shareholding pattern, SWOT analysis on Business Today.
price plummets. san francisco resident mario molina withdrew some of his money from first republic bank on friday, worried the lender could go under. word is they might close down next week. reporter: possibly tomorrow. according to media reports, the fdic asked jpmorgan chase and pnc to submit final builds to buy first republic by sunday. the bank stock price plunged 80% in march, a direct result of the collapse of silicon valley bank. shortly after, nearly a dozen larger banks propped up first republic with $30 billion. despite that infusion, the stock took another hit friday, losing 40% of its value and closing at $3.51 a share. no acquirer want to buy a dead bank. look for some kind of deal in terms of continuing deposit insurance coverage on uninsured deposits. reporter: it s important to remember the fdic guarantees deposits of up to $250,000.
needed to make policy decision over the course of 48 hours to make sure that the president was position to do that there was a shar distinction here between the concern about depositors including big depositors their depositors in that ban who have millions in the bank, but a lot of those million were part of payroll that were supposed to go out to worker in silicon valley over the nex week or two. so the president is trying t protect all of that, but not the investors in the bank. in the bank stock price goes down to zero, according to the presidents analysis, the white house has no interest in tha outcome. that s such an importan point especially because the financial crisis which we al lived through in the president was the vice president during, of course, there s a littl post traumatic stress disorder for a lot of people around tha because during the financial crisis, because the financia system was on the brink of collapsing, investors, many of the investors were also made
there was a sharp distinction here between the concern about depositors including big depositors there are depositors in that bank who have millions in th bank, but a lot of those millions were part of payrol that were supposed to go out t workers in silicon valley over the next week or two so the president is trying t protect all of that, but not the investors in the bank. in the bank stock price goes down to zero, according to the presidents analysis, the white house has no interest in tha outcome. that s such an importan point, especially because th financial crisis, which we all lived through, and the president was the vice president during, of course, there s a little post traumati stress disorder for a lot of people around that, becaus during the financial crisis, because the financial system was on the brink of collapsing investors, many of the investors were also made whole by using taxpayer funds an money.
she really affect the market? we have people who are retiring. i m a retired firefighter. we have guys retiring this year. we have guys coming into the job. 401, 457s. iras. steve: can she impact the market? no. i don t believe she can that s a good question; this is the time of year where people decide retirement money is going. you have a 401(k). make the decision to put in stocks or bonds or cash. marks seen waters will not be able to affect the stock market. she may affect the bank stock price of a specific bank. maybe wells fargo, perhaps. but the banking industry, the market as a whole, know. brian: i would love to see her investigate you had. a lot of people curious why she is so rich and why she doesn t live in her district. steve: round of applause. brian: watch him on fbn 920 noon. ainsley: we have the great