*FIRST REPUBLIC BANK EXPLORING STRATEGIC OPTIONS, INCLUDING POTENTIAL SALE $FRC
Shares of First Republic plummeted over 61% this week amid growing concerns that it will be the next domino to fall in a brewing U.S. banking crisis, which saw regional players including Silicon Valley Bank,First Republic faced a share rout on concerns over its reliance on uninsured deposits as funding, and also unrealized losses in its securities portfolios, which consists largely of long-dated bonds.
SVB had faced a bank run over similar concerns, after the firm realized a $1.8 billion loss on asset sales as it rushed to meet a spike in deposits.on fears of a potential contagion in the sector, even as the government intervened to restore faith in the banking sector.
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