First Republic Bank shares fall as private placement report stirs fresh liquidity fears

First Republic Bank shares fall as private placement report stirs fresh liquidity fears

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Shares of First Republic Bank FRC-N slumped 16 per cent on Monday, leading losses among U.S. lenders in premarket trading, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30-billion rescue last week. S&P Global downgraded the bank deeper into…

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