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and moving on the U.S Commercial Bank First Republic Bank struggles continues the banks market value fell 41 on Wednesday amid uncertainty about its future the banks value briefly fell under 1 billion dollars for the first time in its history falling to about 888 million dollars before recovering to 1.1 billion dollars this is a docHub fall in the fortunes of the U.S Bank November 2021 the valuation of First Republic stood at 40 billion dollars the crisis hit bank has been looking to get out of trouble in the first quarter of 2023 the bank saw an outflow of over 100 billion dollars in deposits the collapse of Silicon Valley Bank and signature First Bank only added to its rules and troubles Reuters sources suggest that the bank may sell its assets or create a separate bad bank which will Club all bad debts in one place reports further suggest that a Consortium also mooted the idea of buying the U.S Bank the area however did not work out this is not good news for the bank as repor
