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First Republic stock plunges after depositors flee

Por: CBS News Business April 26, 2023

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First Republic Bank's stock plunged on Tuesday after it said depositors withdrew more than $100 billion during last month's crisis, with fears swirling that it could be the third bank to fail after the collapse of and Signature Bank.The San Francisco bank said late Monday that it was only able to after a group of large banks stepped in to save it by injecting $30 billion in uninsured deposits.Shares of First Republic plummeted more... + full article



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