First Republic

It is reported that the Bank of First Republic of the United States fell more than 30% before the opening of the session. After the Bank of Silicon Valley, the Bank was also run late last week. Bank of America’s First Republic fell more than 30% before the session Analysis based on this information:The message reports a significant drop in the stock value of the Bank of First Republic of the United States, which fell by over 30% before the opening of the session. The situation is compounded by the Bank of Silicon Valley, which was also affected by a similar crisis last week. The message points towards a potentially worrying trend in the financial sector of the United States. The financial crisis of 2008 taught us the importance of the banking sector in the economy. Banks act as an intermediary between the savers and the investors, thus enabling the flow of funds. The smooth functioning of this process is…