The stock was halted repeatedly during the session and rose nearly 10% on the day, closing at $34.27 per share. The new deposits from the major banks are uninsured.įirst Republic's stock, which closed at $115 per share on March 8, traded below $20 at one point Thursday. Both of those banks had a high number of uninsured deposits, as did First Republic, leading to concern that customers would pull their money out. The news comes after First Republic's stock has been pummeled in recent days, sparked by the collapse of Silicon Valley Bank last Friday and Signature Bank over the weekend. Regional bank stocks initially fell on Thursday but reversed higher after reports from CNBC's David Faber and others about the development of the deposit plan. The deposits are obligated to stay at the bank for at least 120 days, according to an announcement from First Republic. "This action by America's largest banks reflects their confidence in First Republic and in banks of all sizes, and it demonstrates their overall commitment to helping banks serve their customers and communities," the group said in a statement. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Having sold millions of records worldwide since their debut, the band has enjoyed immense success with their platinum-certified albums and slew of unmatched pop anthems.Best Debt Consolidation Loans for Bad Credit OneRepublic took the world by storm with the release of their first studio album Dreaming Out Loud in 2007, with historic hits such as ‘Apologize’ and ‘Stop and Stare’ swiftly charting on international billboards and shooting to international acclaim. In addition to SkyPark Observation Deck, the music video features the band performing along the promenade in front of the visually stunning light and water show, Spectra, and also provides viewers a peek inside one of the integrated resort’s newly refurbished world-class suites. Marina Bay Sands was among several film locations throughout Asia featured in the music video, which showcased a visual galore of travel landmarks and poignant cultural practices across Japan, Taiwan, Thailand, Malaysia, Philippines and Indonesia. The music video for ‘Runaway’ has already made its global debut. ‘Runaway’ marked the first time a production of this scale has taken place at the Observation Deck, with an elaborate setup that included standing flood lights and a camera dolly rail track, to capture 360-degree panoramic views as roving cameras captured the band performing their new song. Set against the panoramic views of the Singapore skyline and scintillating waterfront, the music video sees OneRepublic, made up of Ryan Tedder, guitarists Drew Brown and Zach Filkins, bassist Brent Kutzle, drummer Eddie Fisher and keyboardist Brian Willett, performing live at sunset, with visually jaw-dropping scenes that captured the architectural marvel of Marina Bay Sands’ three cascading hotel towers. The video was the result of a collaboration between the integrated resort and Universal Music Group, the record label of OneRepublic.įilmed from 56-storeys above, the exuberant song that sees the band celebrating the best of Asia and their passion for travel and exploration. To showcase that underlying message, American pop band filmed footage for its new video atop Marina Bay Sands’ SkyPark Observation Deck. The highly anticipated single, ‘Runaway’, is focused on capturing the free-spirited essence of travel and discovery. Fans of OneRepublic will want to keep their eyes peeled for the band’s latest music video, which was filmed right here in Singapore.
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