The US banking system is facing continued turbulence, as First Republic Bank (FRC) becomes the latest casualty. The San Francisco-based bank has seen its shares plummet by over 50% this week, following the release of its first-quarter results, which showed a staggering drop of over $100 billion in deposits.
Pressure Continues on US Banking System
Pressure Continues on US Banking System
Pressure Continues on US Banking System
The US banking system is facing continued turbulence, as First Republic Bank (FRC) becomes the latest casualty. The San Francisco-based bank has seen its shares plummet by over 50% this week, following the release of its first-quarter results, which showed a staggering drop of over $100 billion in deposits.