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First Republic Bank Lost $100 Billion in 3 Months, Shares Drop 50%
The financial report of First Republic Bank (NYSE: FCR), one of the American financial institutions that sparked a global wave of concern about the financial system's stability in March, has found itself in trouble again. According to the financial report for the first quarter of 2023 published this week, First Republic customers withdrew over $100 billion in deposits from their accounts, fearing the institution's bankruptcy. As a result, the already heavily discounted FCR shares fell by another...
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Posted: Apr 26 2023, 09:23
Author Name: financemagnates
Views: 110181