First Republic Leads Rout in Bank Stocks Despite Emergency Measures
Bank stocks have been declining, reflecting investor concern about the industry's health.
First Republic Bank shares plunged Monday despite attempts by U.S. regulators to stem the slide of U.S. regional bank stocks
Investors can be calm
After the collapse of Silicon Valley Bank.
First Republic shares fell 64%, after previously falling by as much as 78%. Sunday's statement by the bank stated that it
It had bolstered its finances
Additional funding from JPMorgan Chase and the Federal Reserve.