First Republic shares hit record low as rescue proves elusive
The bank's stock fell amid speculation that a takeover by regulators, while not the only possibility in play, is becoming more likely.
First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders.
The San Francisco-based bank gained as much as 6.6% and then collapsed more than 50% before trading was halted amid speculation that a takeover by
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