Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Grayscale Opens 3 Crypto Funds on Republic With $2,500 Minimum for Eligible Investors
Key Takeaways: Grayscale has introduced three crypto-investment products to Republic. A minimum investment of $2,500 is required f...
Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares
Bitcoin Magazine Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares Bitcoin’s price has d...
Binance.US Seeks $100 Million Funding Round At $1 Billion Valuation
TL;DR: Binance.US is reportedly seeking up to $100 million from private investors at a proposed valuation of approximately $1 bill...
Grayscale Opens DeFi And AI Crypto Funds To Investors With Just $2,500
TL;DR: Grayscale and investment platform Republic are offering three specialised crypto funds with minimum commitments starting at...
Ripple RLUSD Hits $2.5B, Enters Cross River Banking Stack for 24/7 Payme
Key Takeaways: RLUSD integration is being made by Cross River into the core banking infrastructure of the XRP Ledger. Fintechs wil...
Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears
The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallet...