up to 74 percent in pre-market this morning despite 's efforts to calm investors after the collapse of Silicon Valley Bank.First Republic Bank, whose clientele include Mark Zuckerberg, saw its shares drop as low as $21.50 from a high of $81.76 amid fears of a banking rout when Wall Street opens trading at 9.30am.Biden is due to speak at 8am in the sector after the White House yesterday guaranteed it would make SVB customers 'whole' and that 'no losses will be borne by the taxpayer.'
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