First Republic Bank stock dropped more than 15% in the extended session Tuesday after news that the troubled bank reportedly has hired advisers to review its...
Shares of First Republic Bank dropped more than 15% in the extended session Tuesday after news that the troubled bank reportedly has hired advisers to review its options and manage the crisis.
The Wall Street Journal reported late Tuesday that First Republic had tapped Lazard to help it review its options, and consultant McKinsey for post-crisis planning, citing people familiar with the matter. First Republic stock has swung wildly in recent days, ending Monday’s session at a record low, and several trade halts plagued it during the day.
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