First Republic Bank is struggling to survive – shares temporarily fall another 43 percent in after-hours trading

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After another sharp drop in prices, the First Republic Bank apparently has little chance of surviving. An intervention by the US deposit insurance FDIC is imminent, as US media reported on Friday evening. Shares in the regional bank from San Francisco fell again by around 43 percent on Friday and were suspended from trading on Wall Street several times due to the high volatility.

At the end of the trading day in the early afternoon in New York, the paper still cost 3.51 dollars and has lost a good 99 percent of its value since the beginning of the year. After the market closed, the share then fell another 33 percent.