First Republic Lost $100 Billion in Deposits in Banking Panic

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First Republic Lost $100 Billion in Deposits in Banking Panic
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Breaking: First Republic said it lost more than $100 billion in customer deposits following Silicon Valley Bank’s collapse. Shares fell more than 20% after hours.

Bank says it would cut head count by as much as 25%, slash executive pay as it restructures balance sheetCustomers pulled more than $100 billion in

deposits out of First Republic Bank last month, when a pair of bank failures shook Americans’ faith in regional lenders.Continue reading your article with

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