First Republic Bank: More than $100bn of withdrawals this year

TL;DR

The falls came a day after the mid-size US bank said customers had pulled more than $100bn (£80bn) from their accounts amid last month's banking panic. Problems in the banking sector surfaced in the US earlier last month when Silicon Valley Bank, which was the country's 16th-largest lender, collapsed in the biggest failure of a US bank since 2008. The moves have hurt the values of the large portfolios of bonds bought by banks when rates were lower

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