First Republic shares tank almost 33% despite $30b support

First Republic shares tank almost 33% despite $30b support

FILE PHOTO: A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar

Shares of First Republic Bank lost almost 33% on Friday, totaling a loss of around 80% in the last 10 sessions, despite rescue package with $30 billion in deposits injected by large U.S. banks.