Crypto prices moved higher overnight. First Republic's first quarter results revive U.S. banking worries, says Swissquote.
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Bitcoin price jumps in the wake of First Republic Bank crashBitcoin has rallied following fresh concerns that the banking crisis may not be over yet, with the share price of First Republic Bank tumbling more than 50% after it revealed a $100 billion shortfall of deposits.
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First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarterThe lender said things have stabilized since last month's banking emergency, but it will still reduce headcount by 20% to 25% in the second quarter.
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What First Republic's results mean for the regional bank trade, according to Wall StreetFirst Republic saw a larger deposit decline than many of its rivals during the first quarter.
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