There’s growing concern that the bank crisis is spreading.
First Silicon Valley Bank collapsed, then Signature Bank closed over the weekend, and on Monday shares of San Francisco-based First Republic Bank lost more than half their value, igniting fears that it may be the next to collapse.
The worry over First Republic, the 14th largest bank in the U.S. with more than $213 billion in assets, has been growing since Friday. There were multiple social media posts over the weekend showing people lining up at First Republic locations in Southern California to withdraw their money. But in the Bay Area, NBC Bay Area didn’t find any lines or as