 <div class="tpl-article__byline-date "> <span class="e-byline e-byline--multi" data-test="byline"> <span class="e-byline__meta" itemscope="" itemtype="https://schema.org/Person" itemprop="author"> <a href="/authors/t/ta-te/telegraph-reporters/" itemprop="url" class="e-byline__link" data-test="byline-link" rel="author"> <span class="e-byline__bytext">By</span> <span class="e-byline__author" data-test="author-name" itemprop="name" content="Telegraph Reporters">Telegraph Reporters</span> </a> </span> </span> <time class="e-published-date u-meta " itemprop="datePublished" datetime="2023-04-28T17:02+0100" data-test="time"> 28 April 2023 • 5:02pm </time> </div> 

 <div class=" " itemprop="articleBody" data-js="article-body"> <div class="articleBodyText section"> <div class="component article-body-text " data-test="article-body-text"> <p>First Republic Bank shares were halted repeatedly after dropping as much as 50pc this afternoon following a report from<br>CNBC that the most likely outcome of rescue talks is for the Federal Deposit Insurance Corporation to take the lender into<br>receivership.</p><p>Shares sank to a fresh all-time low of $3.09, after rising as much as 6.6pc earlier on reports of meetings to devise a plan for the bank.</p><p>First Republic’s plunge has wiped out more than $21bn (£16.67bn) in market value this year, making it the smallest S&amp;P 500 Index member by value.</p><p><em>More to follow.</em></p> </div>
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Shares sink to a fresh all-time low amid growing banking crisis fears

First Republic shares plunge again as hopes of rescue deal fade

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