The price of shares of the American “First Republic” bank recorded a new low on the New York Stock Exchange, while rumors multiplied about A strategy or plan to save him has not yet been realized. At the end of Friday’s session, the share price of the bank, which was the fourteenth largest state bank, declined United by the size of assets in 2022, by 43% on Wall Street and amounted to 3.51 dollars after it suspended its trading several times during the session due to the large fluctuations. Thus, the value of the bank is estimated at $654 million, while it was $20 billion at the beginning of the year and more than 40 billion at its peak in November 2021.
He founded First Bank in 1985 and is headquartered in San Francisco with branches primarily in California and east coast cities and caters to wealthy clients.
