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First Republic Bank rout; unable to shake depositor anxiety

Por: Associated Press Business April 26, 2023

First Republic Bank plunged at the opening bell Wednesday, an ongoing rout that has erased more than 50% of its value just this week on concerns about the bank’s financial health in the wake of two other bank collapses.Shares slumped 26%, following an even more severe tumble Tuesday, after it revealed that depositors withdrew more than $100 billion last month after the Trading in the bank’s shares was halted several times for volatility. The... + full article



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