First Republic stock up 24%, leading regional lenders after First Citizens deal for Silicon Valley Bank

First Republic stock up 24%, leading regional lenders after First Citizens deal for Silicon Valley Bank

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Shares of First Republic Bank surged 24% in premarket trading on Monday and led a swathe of regional lenders higher, following news of that failed Silicon Valley Bank finally has a buyer and at least one analyst upgrade in the sector. The Federal Deposit Insurance Corp. announced earlier on Monday…

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