First Republic Bank experiences massive deposit loss and stock drop.

First Republic's stock dropped over 29% after revealing an outflow of over $100 billion in deposits in March, raising questions about the fate of the San Francisco lender. The bank plans to increase insured deposits, trim borrowings, shrink its balance sheet, reduce its workforce by 20-25%, and pursue strategic options, including a sale or raising more capital. Analysts say the bank faces uncertainty as it tries to recover from last month's chaos, and its future is uncertain.