First Republic Bank's Stock Woes Raise Concerns for Other Banks

First Republic Bank's shares rose 10% on Thursday morning, recovering from a steep sell-off that wiped out nearly 60% of the bank's market capitalization this week. The bank disclosed on Monday that it had lost more than $100 billion of deposits in the first quarter of the year, triggering a sharp selloff of the bank's stock. U.S. bank regulators are weighing the prospect of downgrading their private assessments of the San Francisco-based lender, which could lead to restrictions on First Republic's ability to borrow from the U.S. Federal Reserve.