TechFlow news, market data shows that First Republic Bank's market value has fallen below $1 billion, with its stock price dropping below $5, a decline of about 40%.
Earlier reports indicated that the White House or the Treasury Department appeared to have rejected pressuring banks to force asset sales for self-rescue. Analyst David Faber said the chances of First Republic Bank finding a buyer were "close to zero." Additionally, some analysts attributed today's significant Bitcoin rebound to the renewed escalation of the U.S. banking crisis.
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