First Republic Bank stock halted amidst plunge: is this Bitcoin fault as well?

exchange681 week ago

0 0 2 minutes read

As First Republic Bank’s shares plummet 29% and $100 billion in deposit outflows create havoc, the bank receives a crucial $30 billion rescue package from Wall Street’s largest lenders. But what exactly pushed First Republic Bank to the edge, and how did this rescue package save them from a possible 57% decline in deposits? Discover the intricate details behind the bank’s turbulent journey and the potential implications for the cryptocurrency market… Unlock the full story with your Alpha subscription.

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