First Republic's Stock Plunge Raises Concerns for Bank's Future
TL;DR
Shares of First Republic Bank continued to fall as investors remained doubtful about the bank's ability to recover. The San Francisco-based bank's stock dropped by almost 20% on Wednesday, following a 49% decline on Tuesday, after it announced a significant drop in deposits and plans to cut up to 25% of its workforce.
- First Republic Stock Slides Further While Other Regional Banks Stand Firm Barron's
- First Republic's dramatic slide continues, stock falls more than 20% as bank looks for rescue deal CNBC
- Pressure mounts on First Republic as its stock continues to plunge Yahoo Finance
- First Republic Shows How Not to Bolster Confidence Bloomberg
- Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails CNBC
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