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The Wall Street Journal
What’s Going on With First Republic Bank?
First Republic Bank shares have been hit hard over the past week following the failures of two large U.S. regional banks, Silicon Valley Bank and Signature Bank. What happened to First Republic Bank? First Republic was one of the banks to be swept up in the contagion that followed the March 10 failure of Silicon Valley Bank, because of some similarities including their size, their largely wealthy client base and the largely uninsured nature of their deposit bases.