First Republic Bank jumps on report the lender is working on a rescue plan to avoid being taken over by the government

First Republic Bank jumps on report the lender is working on a rescue plan to avoid being taken over by the government

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First Republic stock has plummeted after Silicon Valley Bank's failure. Justin Sullivan/Getty Images First Republic Bank shares rose Friday after the Financial Times reported the lender is working on a plan to stave off a FDIC takeover. There's been a tone shift among advisors to the bank from…

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