America's banking crisis continues with Silicon Valley Bank and Signature Bank already in trouble.

Another major bank, First Republic Bank, is now facing a crisis

[{"selector":"#anim-b0d5764a-71d8-4d70-a7ed-bb575f7773d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b9eea154-93fd-4ae7-abdc-df027ab1c0b4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea109a90-91ea-4b21-986c-7dbdb58a8cc4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Pic Credit: CNBC

The stock price of First Republic Bank has been declining, indicating a deepening banking crisis in the US and the world

[{"selector":"#anim-da2f9ccc-c191-49db-b62a-74f4d8dd55ba [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-98196643-6e16-4751-b369-07a199bf144d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b3df8cc-42e1-483e-89a8-acf48a1b6026","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Pic Credit: CNBC

On Friday, there was a significant decline in the shares of First Republic Bank

[{"selector":"#anim-a44e37f2-87a8-4bdf-8a0f-174c41c20e99 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7f3f3c6e-fcb5-4eb3-9f7b-739f46aa9741","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b110c92-ae1b-4304-9eed-6174573cb465","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Pic Credit: CNBC

Following a report by CNBC, First Republic Bank shares plunged by 43%

[{"selector":"#anim-18ff1121-916f-455d-8fcd-244a098fa5f8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9c1952be-6aef-47f0-927d-933e5cf000f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ad0c703-3185-41a3-b6df-5a502f1a38bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Pic Credit: CNBC

The Federal Deposit Insurance Corporation (FDIC) may place one of its receivers in the bank due to its condition

[{"selector":"#anim-d49f6282-351b-48b3-a97b-8c455dad3e8b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a58cf9a3-62cf-4080-8f37-3ed1b6ae4021","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c843837c-60d9-4fc0-939c-705f967d7be6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Pic Credit: CNBC

The bank's shares dropped by 30% immediately after the news was announced, ultimately declining by 43%

[{"selector":"#anim-41d98721-2069-4212-ad6c-dd6e3a428f85 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f96dd4dc-2a66-45da-834c-52326b754c72","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-094a1d96-544e-4a98-ac86-32274b1c9ee7","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Pic Credit: CNBC

Thank you for Reading

[{"selector":"#anim-8ce48f45-d441-4e2b-8395-0b9070323938 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9a5e1f83-e61e-4e26-8524-77b4759840e6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ea3da34-6853-44af-92f0-b36eae315051","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe7aa2d9-b17b-4088-91d4-cfb1997e123b","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Pic Credit: CNBC