First Republic shares fall more than 20% despite deposit infusion, dragging down other regional banks

First Republic shares fall more than 20% despite deposit infusion, dragging down other regional banks

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Shares of First Republic were under pressure Friday despite the beaten-down regional bank receiving aid from other financial institutions. As of 1:39 p.m. ET, the stock was down about 24% and was the worst performer in the SPDR S&P Regional Banking ETF (KRE) — which dropped 5.7%. PacWest and…

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