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A person walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California. First Republic shares lost over 60 percent on Monday even after regulators took actions Sunday evening to backstop all depositors in failed Silicon Valley Bank and Signature Bank and offer additional funding to other troubled institutions. (Photo by Justin Sullivan/Getty Images)(Bloomberg) -- US regulators were rushing to resolve the First Republic Bank crisis Sunday after a midday deadline passed for submitting final bids to take over the struggling lender.
Originally published at Bloomberg