First Republic Shares Plunge After Drop in Deposits

The bank is facing a significant decline in deposits, with a 41% drop to $104 billion, falling short of expectations. Despite a $30 billion infusion, the bank struggles with a 19% drop in net interest income and higher funding costs. It plans to cut 20-25% of its workforce, reduce loan volumes, and explore strategic options, including a potential sale. The bank's stock has plummeted from $121 to under $12, with further pressure expected.

What was the percentage drop in the bank's deposits by the end of the first quarter?

• 30%

• 60%

• 41%

• 50%

What financial challenge is the bank facing aside from the deposit drop?

• Increase in loan volumes

• Decrease in net interest income

• Reduction in workforce

• Expansion of balance sheet

What strategic action is the bank considering to address its financial issues?

• Opening new branches

• Increasing interest rates

• Hiring more employees

• Exploring a sale of the bank

By how much has the bank's stock price fallen since the start of the year?

• 70%

• 90%

• 87%

• 50%

What was the initial stock price of the bank at the start of the year?

• $50.00

• $200.00

• $300.00

• $121.00