{"id":564821,"date":"2023-03-17T05:29:16","date_gmt":"2023-03-17T02:29:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/banking-executives-sold-millions-in-stock-before-crash-wsj\/"},"modified":"2023-03-17T05:29:16","modified_gmt":"2023-03-17T02:29:16","slug":"banking-executives-sold-millions-in-stock-before-crash-wsj","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/banking-executives-sold-millions-in-stock-before-crash-wsj\/","title":{"rendered":"#Banking executives sold millions in stock before crash: WSJ"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2353a45abbd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2353a45abbd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/banking-executives-sold-millions-in-stock-before-crash-wsj\/#Banking_executives_sold_millions_in_stock_before_crash_WSJ\" >Banking executives sold millions in stock before crash: WSJ<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Banking_executives_sold_millions_in_stock_before_crash_WSJ\"><\/span>Banking executives sold millions in stock before crash: WSJ<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/03\/AP17331578662252-e1678828684658.jpg?w=900\" \/><\/p>\n<div>\n<p>Executives at First Republic Bank sold company\u2019s stock worth millions of dollars in the months before this week\u2019s crash, according to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/first-republic-bank-executives-sold-12-million-in-stock-in-months-before-crash-ca6ce79e?mod=mhp\">The Wall Street Journal<\/a>.<\/p>\n<p>The banking executives sold $11.8 million worth of stock in the company over the last two months, with First Republic Executive Chairman James Herbert II selling $4.5 million worth of his shares since the start of 2023, per the Journal. <\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>Combined, First Republic\u2019s chief credit officer, president of private wealth management and chief executive sold $7 million worth of company stock.<\/p>\n<p>First Republic\u2019s insider sales <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to have gone largely unnoticed, as it is now the only S&amp;P 500 company that reports such sales to the Federal Deposit Insurance Corporation (FDIC) instead of the Securities and Exchange Commission (SEC). <\/p>\n<p>Signature Bank, which collapsed on Sunday, was also exempted from filing with the SEC.<\/p>\n<p>First Republic Bank\u2019s stock plummeted more than 50 percent this week, as panic ensued over the widely-reported failures of other regional banks, including Signature Bank and Silicon Valley Bank.<\/p>\n<p>Amid concerns of a potential run on First Republic, some of the largest U.S. banks \u2014 including Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley \u2014\u00a0agreed to help stabilize\u00a0the bank\u2019s balance sheets on Thursday with $30 billion in deposits.<\/p>\n<\/div>\n<p>Copyright 2023 Nexstar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/business\/3904602-first-republic-execs-sold-millions-in-stock-before-crash-wsj\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking executives sold millions in stock before crash: WSJ Executives at First Republic Bank sold company\u2019s stock worth millions of dollars in the months before this week\u2019s crash, according to\u00a0The Wall Street Journal. The banking executives sold $11.8 million worth of stock in the company over the last two months, with First Republic Executive Chairman&#8230;<\/p>\n","protected":false},"author":1,"featured_media":564822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/03\/AP17331578662252-e1678828684658.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[141254,134344,117,134343,134418,139529,141430,141431,124783,115,72976,141178],"class_list":["post-564821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-signature-bank","tag-administration","tag-business","tag-campaign","tag-congress-blog","tag-defense-national-security","tag-federal-deposit-insurance-corporation","tag-first-republic-bank","tag-international","tag-news","tag-securities-and-exchange-commission","tag-silicon-valley-bank"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/564821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=564821"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/564821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/564822"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=564821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=564821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=564821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}