Anotherrepublican skumbag
Shares of First Republic fell on news the company was suspending its dividend and was receiving $30 billion in uninsured deposits from several large banks. The drop in share price occurred after the market close on March 16, the same day a member of Congress sold their shares.
U.S. Rep. John Curtis (R-UT) reported in a filing Tuesday that he sold $1,000 to $15,000 in shares of First Republic on March 16.
The filing was shared by Congresstrading on Twitter, which noted the sale of First Republic made Curtis the first Congress member to “report trading the banking crisis.”