‘This is going to be pretty bumpy going forward’: First Republic stock shares plunge almost 50% as people move their money despite $30 billion bailout

‘This is going to be pretty bumpy going forward’: First Republic stock shares plunge almost 50% as people move their money despite $30 billion bailout

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First Republic Bank remains in crisis mode this week, despite coordinated efforts by large banks to stabilize its finances and the federal government’s guarantee of deposits in two failed banks earlier this month. San Francisco-based First Republic continued to teeter on the edge Monday, with its…

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