Shares of First Republic Bank plunged by nearly 40 percent in premarket trading Monday, days after it was announced the struggling lender would Before the bell, shares in the bank - which has surfaced as one of the main indicators of the current banking volatility - fell as much as 37 percent, extending a ten-day rout that's seen its value fall a full 80 percent in a matter of days.Shares have since recouped slightly as of 8:30 am, while several banks left reeling in the wake of SVB’s recent collapse saw some stabilization - after US officials insisted deposit outflows had slowed last week.
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