"The outlook on the issuer rating and long-term bank deposits of First Republic Bank remains under review," Moody's said. It believes the bank's high cost of borrowings, along with the "high proportion of fixed rate assets at the bank, is likely to have a large negative impact on First Republic's core profitability in coming quarters." Moody's also said it was expecting the Federal Reserve to continue tightening monetary policy, in contrast to others expecting the bank collapses this month to reshape the trajectory for interest rate hikes. (Reuters)