Tag: First Republic stock

First Republic will likely be the latest victim of the U.S. banking crisis. According to Reuters, the bank will be taken over by Federal Deposit Insurance Corporation (FDIC) after recent rescue attempts didn’t have a positive outcome. Unlike several other mid-sized banks like Signature Bank...

First Republic’s stock took a huge hit on Tuesday, dropping almost 50% after the San Francisco, California, based bank revealed an outflow of deposits in March. According to an earnings report shared on Tuesday, First Republic has lost 40.8% of deposits during the first quarter...