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Tag: deepens

First Republic Stock Takes Shocking Plunge – Investors Rattled as Slide Deepens After Hours

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First Republic Bank’s shares dropped 46% in after-hours trading on Friday following a report from Reuters that claimed an imminent takeover by the Federal Deposit Insurance Corp. (FDIC) was on the horizon. This drop followed a regular session which saw the company’s shares fall by 43%. Neither the FDIC nor First Republic Bank responded to […]

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