First Republic Bank's Deposit Outflows Lead to 50% Share Drop.

First Republic Bank's shares fell 50% after reporting a dramatic slump in deposits, leading to fears that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. The bank now faces tough options to turn around its business with the creation of a "bad bank" or asset sales possibilities. The bank has been reeling as it navigates the twin challenges of assuring customers their deposits remain safe and investors that it has liquidity to emerge from the crisis.