![Market News - March 17, 2023 Thumbnail](https://static.twentyoverten.com/5b4ce714007b631437262f67/POIXwVnHiF/frb.png)
Market News - March 17, 2023
First, it was Silicon Valley Bank, now it’s San Francisco-based First Republic Bank taking a hit. Like Silicon Valley Bank, First Republic is another bank catering to “free-money” startups. First Republic’s shares are now down 86% from their peak in November of 2021.