Bloomberg
First Republic Rout Resumes as Rescue Package Fails to Stem Drop
(Bloomberg) — First Republic Bank shares tumbled again on Friday, set for their worst week ever, as sentiment around the lender remained fragile even after proposals for $30 billion of aid from Wall Street’s biggest banks. Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineUBS, Credit Suisse Oppose Idea of Forced Tie-UpIn New York City, a $100,000 Salary Feels Like $36,000First Republic Set to Get $30 Bill