First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments. Regulators were poised to place the San Francisco-based lender into receivership, Reuters reported late Friday, citing a person it didn’t […]
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- Source: https://bankautomationnews.com/allposts/retail/first-republic-plunges-on-expectation-of-seizure-by-fdic/
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