First Republic Bank shares plunge as rescue efforts fall flat

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First Republic Bank shares continued to decline sharply on Friday, adding to the uncertainty about the bank's future.

The company’s stock price dropped more than 43% to $3.51 per share.

First Republic has failed to fully stabilize itself since it became engulfed by the crisis that led to the failure of Silicon Valley Bank in California and Signature Bank in New York in March.

FOX Business' Connell McShance joined LiveNOW's Andrew Craft to discuss the problems facing First Republic Bank and how experts in the financial industry are reacting.

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