Shares of First Republic Bank tumbled to a new low on Wednesday following after sliding Monday on the news the bank's deposits fell 40% during the crisis that hit regional lenders.
Steno Research CEO Andreas Steno reacts to First Republic Banks performance on Making Money.
Shares for First Republic Bank dropped to an all-time low on Wednesday as the San Francisco-based bank fights for survival and is seeking a lifeline after becoming engulfed in theA person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. The bank's shares have been in a free fall this week after the lender revealed it lost 40% of deposits amid the regional banking crisis.
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