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First Republic Bank, Western Alliance among short-sellers’ targets as SVB fallout spreads

Hedge fund billionaire Bill Ackman says: ‘More banks will likely fail’

First Republic Bank stock plunged a record 67% on 13 March before a trading halt
First Republic Bank stock plunged a record 67% on 13 March before a trading halt Photo: Eric Thayer/Getty Images

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Short-sellers have turned their focus to First Republic Bank as the Silicon Valley Bank collapse has pushed the share price of the 37-year-old bank to multi-year lows.

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