Concerns about the bank's financial health in the aftermath of two other bank failures led to a continuing decline in First Republic Bank's stock price on Wednesday, which has lost 60% of its value just this week.
After the bank disclosed that depositors withdrew more than $100 billion last month as a result of the collapse of Silicon Valley Bank and Signature Bank, shares dropped nearly 30 percent.
Several times, t....
Tags : stock market, financial, Republic Bank, economy,
comments (0)