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Business - KSYL-AM

Photo by Justin Sullivan/Getty Images(NEW YORK) -- Turmoil in the financial system returned this week as shares of First Republic Bank, the nations 14th-largest lender, plummeted more than 75%. The selloff took hold after the bank revealed that depositors had fled en masse last month after the collapse of Silicon Valley Bank, the largest U.S. bank failure since the 2008 financial crisis. The ongoing distress at First Republic rekindled questions about whether the banking industry has regained s...
United States Dorsey Whitney Huw Roberts Justin Sullivan Getty Steven Kelly William Chittenden
Source: ksyl.com

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