First Republic Bank Shares Plunge 37% Amid Rescue Deal Uncertainty

Shares of First Republic Bank are in freefall, experiencing another significant drop today. Cetoex News – First Republic Bank has continued its downward spiral, as shares have fallen another 37% today. The stock's performance reflects growing concerns about the bank's future and potential government intervention.

Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank's way forward after it reported a big fall in deposits. Investors are closely watching for any signs of a potential rescue deal, but the uncertainty surrounding the terms and impact on shareholders is fueling the sell-off.

The situation is becoming increasingly critical. Moreover, the plummeting price continues as rumors of First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders. The possibility of dilution or even complete wipeout is weighing heavily on investor sentiment.

This ongoing decline raises questions about the broader health of the regional banking sector and the potential for further contagion. Stay tuned for updates as this story develops.