First Republic: Shares fall after more than $100bn of withdrawals
Shares in the US-based bank plunged by nearly 50% after it revealed the scale of the bank run during last month’s…
But that did not immediately prevent concerns from spreading. In Europe, Swiss officials also brokered a rescue for troubled banking giant Credit Suisse, which saw 61.2bn Swiss francs ($69bn; £55.2bn) leave the bank in the first three months of the year.
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