First Republic Shares Fall 47 Percent Following Multiple S&P Downgrades

2 months ago
First Republic Bank’s shares tanked again connected Monday, falling 47 percent and surpassing past week’s lows. The descent follows yet different downgrade successful the bank’s recognition standing by Standard & Poor’s, which dropped First Republic to B+ from BB+ connected Sunday aft archetypal lowering it to junk presumption conscionable past week.  The standing bureau said the $30 cardinal infusion “may not lick the important busin...
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