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First Republic stock rout deepens after report on likely FDIC receivership

First Republic Bank shares plunged after a CNBC report that the lender was likely headed for receivership under the US Federal Deposit Insurance Corporation (FDIC), worsening a rout that has wiped out 75 per cent of the stock's value this week. If the San Francisco-based lender falls into receivership, it
Ihor Dusaniwsky Mark Haefele Treasury Department Us Federal Deposit Insurance Corporation Federal Reserve First Republic Bank

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