SVB Contagion Alert: First Republic drops 60%. Read this First Republic bank run briefing.
First Republic shares are leading a pre-market selloff in broader bank shares Monday after the Fed and Treasury announced depositor protections and bank funding facilities Sunday. Read this First Republic bank run briefing for more details on First Republic’s strengths and risk factors.
First Republic Bank led a decline in bank shares Monday that came even after regulators' extraordinary actions Sunday evening.
Check It Out:
– First Republic drops 60%, leads decline in bank stocks despite government's backstop of SVB