Shares in First Republic Bank tank after lender says customers withdrew $100B in deposits

By CBC News

FIRST REPUBLIC BANK

Shares in regional U.S. bank First Republic Bank fell another 15 per cent on Wednesday, a day after plunging to an all-time low after the mid-sized lender revealed that customers withdrew $100 billion US worth of deposits in the first quarter.

Source: Shares in First Republic Bank tank after lender says customers withdrew $100B in deposits

Category: News/Business