First Republic Bank stock slid further early Wednesday after losing nearly half its value in the previous session as reports surfaced of efforts to backstop the S&P 500 index component to prevent further losses.
First Republic fell 25% to $6.10 a share on heavy volume of 38 million shares. Meanwhile, PacWest Bancorp PACW was up 15% after it disclosed a rise in deposits with its first-quarter results.
The…
