First Republic Bank Crumbles as Stock Plummets 55% in Pre-Market Trading

The post First Republic Bank Crumbles as Stock Plummets 55% in Pre-Market Trading appeared first on Coinpedia Fintech News Shares of San Francisco-based First Republic Bank ($FRC) were hit hard […]

The post First Republic Bank Crumbles as Stock Plummets 55% in Pre-Market Trading appeared first on Coinpedia Fintech News
Shares of San Francisco-based First Republic Bank ($FRC) were hit hard in pre-market trading on Monday, dropping 55% following declines of 33% last week, leading to a sharp decline in bank shares. Regulators Are Cracking Down on U.S. Banks Regulators’ efforts on Sunday to backstop all depositors in failed Silicon Valley Bank and Signature Bank …