First Republic Lost $100 Billion in Deposits in Banking Panic
4 min read 25 Apr 2023, 06:21 PM IST - Bank says it will cut head count by as much as 25%, slash executive pay as it restructures balance sheet
PremiumCustomers pulled about $100 billion in deposits out of First Republic Bank last month, when a pair of bank failures shook Americans’ faith in regional lenders.
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