Breaking: First Republic said it lost more than $100 billion in customer deposits following Silicon Valley Bank’s collapse. Shares fell more than 20% after hours.
Bank says it would cut head count by as much as 25%, slash executive pay as it restructures balance sheetCustomers pulled more than $100 billion in
deposits out of First Republic Bank last month, when a pair of bank failures shook Americans’ faith in regional lenders.Continue reading your article with
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