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Bitcoin.com
2023-04-26 17:30:05

US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%

US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%

In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors to flee the bank, causing its

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