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Friday, September 27, 2024

First Republic shares tank 25% after UBS deal to buy Credit Suisse underscores risks of a banking crisis

First Republic Bank’s shares tanked over 20% in premarket trading Monday after UBS’s rescue deal for the beleaguered Credit Suisse ignited investor fears of a full-blown banking crisis. Shares in the San Francisco-based bank were down 23% at $17.71 at last check. The stock has slumped a whopping 81% …

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