2023-04-28 16:23:00
In the US stock market on the 28th, the US bank First Republic Bank plunged. While trading was suspended several times, the drop rate exceeded 50% at one point. The bank reacted to a report by CNBC that it is likely to be placed under the control of the Federal Deposit Insurance Corporation (FDIC).
First Republic stock hit $2.985, its lowest since listing. At one point, stocks rose sharply after some reports said the U.S. authorities were arranging emergency talks to seek a bailout.
U.S. Officials Arrange Emergency Talks on First Republic Bailout – Report (1)
First Republic stock price movement
Source: Bloomberg
news-rsf-original-reference paywall">Original title:First Republic Sinks 50% Triggering Multiple Trading Halts (1)(excerpt)
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