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First Republic stock plummets nearly 50% as banking trouble deepens

Por: ABC News Business April 25, 2023

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Shares of First Republic Bank plummeted nearly 50% on Tuesday as the continued to ripple through the financial system.The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered a major loss of $102 billion in deposits over the first three months of 2023, an showed on Monday.The lost deposits made up more than half of the $176 billion retained by the bank at the end of last year.In all, shares of... + full article



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