Power Breakfast: First Republic Clients Pulled $100 Billion in Deposits During Bank Crisis
Zee Business Video Team | Updated: April 25, 2023 09:22 am
There was mixed action in the US markets amid volatility. The Dow closed up 70 points amid trading in a range of 170 points. Whereas, Nasdaq declined 0.3%. Light buying was seen in the shares related to the economy. The 10-year bond yield slipped below 3.5%. First Republic Bank shares fell 22% in post-market trading. Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month's crisis. Shares of Bed Bath & Beyond fell 35%.
