new York New worries about the First Republic regional bank scare investors: The Dow Jones lost one percent to 33,531 points. The tech-heavy Nasdaq fell 2 percent to 11,799 points and the broad S&P 500 fell 1.6 percent to 4,072 points.
The First Republic presented business figures on Monday evening. Investors were particularly concerned about the surprising outflow of deposits of more than $100 billion, as customers fled to larger institutions that are considered “too big to fail”. The stock lost nearly 50 percent to a record low of $8.10. “Those who have already checked the banking crisis may have done so too early,” said portfolio manager Thomas Altmann from investment advisor QC Partners.
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