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Posts tagged as “San Francisco”

First Republic Bank Stock Plummets 70% Despite Attempts to Reassure Investors and Depositors

Key takeaways: First Republic Bank’s stock price fell more than 70% in early trading on Monday after the company said it had added more cash to its reserves. The sudden collapse of Silicon Valley Bank and Signature Bank has caused a wave of fear in the markets, with investors and depositors concerned about the stability of the US banking system.…