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

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...