First Republic bank in limbo as shares fall further | The Malaysian Insight

First Republic bank in limbo as shares fall further

Shares of First Republic finish at US$3.51 on Friday’s closing, down 43% following numerous trading halts due to volatility. – AFP pic, April 29, 2023.

SHARES of First Republic fell further into an abyss yesterday amid mounting speculation over the US regional bank’s way forward after it reported a big fall in deposits. After dropping more than 50% earlier yesterday, shares of First Republic finished the day at US$3.51, down 43% following numerous trading halts due to volatility.

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