3/20, 12:05 PM (Source: TeleTrader)
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First Republic continues downward trend premarket

First Republic Bank's shares continued to plunge in Monday's premarket session following a week packed with negative sentiment surrounding the financial institution amid the ongoing banking crisis.

The bank's plans to sell new shares privately to raise funds were reported on Friday, a day after it announced it will halt its common stock dividend.

First Republic's stock plummeted 20.23% at 7:03 am ET to sell at $18.37.

Baha Breaking News (BBN) / MX