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https://www.barrons.com/articles/first-republic-everything-fine-why-market-worried-2e2f1394 Activated Alumina Defluoridation
Shares of regional banks were getting crushed Monday, despite the federal government’s attempts to assure Americans the country’s banking system remains strong.
First Republic Bank (ticker: FRC) tanked 71% before trading was halted, though it regained some ground when the stock reopened, leaving it some 50% below where it closed on Friday. Several other financial institutions racked up double-digit losses as well, as investors respond to regulators’ Friday decision to shut down Silicon Valley Bank.
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Shares of regional banks were getting crushed Monday, despite the federal government’s attempts to assure Americans the country’s banking system remains strong.
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