First Republic Bank’s stock fell to its lowest level in its 38-year history on Tuesday as the bank faced fresh doubts about its viability and analysts sifted through a difficult first-quarter update from the closely-watched lender. The stock FRC fell about 45% to below $9 a share on heavy volume of 114 million shares as the worst performer in the S&P 500 SPX, in afternoon action. Other…
Article Attribution | Read More at Article Source