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Illustration FIRST REPUBLIC BANK

SUQIAN, CHINA - APRIL 28, 2024 - Illustration FIRST REPUBLIC BANK, Suqian, Jiangsu Province, China, April 28, 2024.

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Illustration FIRST REPUBLIC BANK

SUQIAN, CHINA - APRIL 28, 2024 - Illustration FIRST REPUBLIC BANK, Suqian, Jiangsu Province, China, April 28, 2024.

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Illustration FIRST REPUBLIC BANK

SUQIAN, CHINA - APRIL 28, 2024 - Illustration FIRST REPUBLIC BANK, Suqian, Jiangsu Province, China, April 28, 2024.

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of First Republic Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a sign at the JPMorgan Chase & Co. headquarters in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People enter the JPMorgan Chase & Co. headquarters in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of JPMorgan Chase Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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(SP)CANADA-TORONTO-TENNIS-NATIONAL BANK OPEN-MEN'S SINGLES

(230808) -- TORONTO, Aug. 8, 2023 (Xinhua) -- Jiri Lehecka of the Czech Republic returns the ball during the first round of men's singles match between Jiri Lehecka of the Czech Republic and Brandon Nakashima of the United States at the 2023 National Bank Open in Toronto, Canada, on Aug. 7, 2023. (Photo by Zou Zheng/Xinhua)

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(SP)CANADA-TORONTO-TENNIS-NATIONAL BANK OPEN-MEN'S SINGLES

(230808) -- TORONTO, Aug. 8, 2023 (Xinhua) -- Jiri Lehecka of the Czech Republic returns the ball during the first round of men's singles match between Jiri Lehecka of the Czech Republic and Brandon Nakashima of the United States at the 2023 National Bank Open in Toronto, Canada, on Aug. 7, 2023. (Photo by Zou Zheng/Xinhua)

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(SP)CANADA-TORONTO-TENNIS-NATIONAL BANK OPEN-MEN'S SINGLES

(230808) -- TORONTO, Aug. 8, 2023 (Xinhua) -- Jiri Lehecka of the Czech Republic celebrates victory after the first round of men's singles match between Jiri Lehecka of the Czech Republic and Brandon Nakashima of the United States at the 2023 National Bank Open in Toronto, Canada, on Aug. 7, 2023. (Photo by Zou Zheng/Xinhua)

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(SP)CANADA-TORONTO-TENNIS-NATIONAL BANK OPEN-MEN'S SINGLES

(230808) -- TORONTO, Aug. 8, 2023 (Xinhua) -- Brandon Nakashima of the United States returns the ball during the first round of men's singles match between Jiri Lehecka of the Czech Republic and Brandon Nakashima of the United States at the 2023 National Bank Open in Toronto, Canada, on Aug. 7, 2023. (Photo by Zou Zheng/Xinhua)

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(SP)CANADA-MONTREAL-TENNIS-NATIONAL BANK OPEN-WOMEN'S SINGLES

(230808) -- MONTREAL, Aug. 8, 2023 (Xinhua) -- Karolina Pliskova of the Czech Republic returns the ball during the first round of women's singles match between Karolina Pliskova of the Czech Republic and Zhu Lin of China at the 2023 National Bank Open in Montreal, Canada, on Aug. 7, 2023. (Photo by Andrew Soong/Xinhua)

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(SP)CANADA-MONTREAL-TENNIS-NATIONAL BANK OPEN-WOMEN'S SINGLES

(230808) -- MONTREAL, Aug. 8, 2023 (Xinhua) -- Zhu Lin of China returns the ball during the first round of women's singles match between Karolina Pliskova of the Czech Republic and Zhu Lin of China at the 2023 National Bank Open in Montreal, Canada, on Aug. 7, 2023. (Photo by Andrew Soong/Xinhua)

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(SP)CANADA-MONTREAL-TENNIS-NATIONAL BANK OPEN-WOMEN'S SINGLES

(230808) -- MONTREAL, Aug. 8, 2023 (Xinhua) -- Karolina Pliskova of the Czech Republic returns the ball during the first round of women's singles match between Karolina Pliskova of the Czech Republic and Zhu Lin of China at the 2023 National Bank Open in Montreal, Canada, on Aug. 7, 2023. (Photo by Andrew Soong/Xinhua)

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(SP)CANADA-MONTREAL-TENNIS-NATIONAL BANK OPEN-WOMEN'S SINGLES

(230808) -- MONTREAL, Aug. 8, 2023 (Xinhua) -- Karolina Pliskova of the Czech Republic returns the ball during the first round of women's singles match between Karolina Pliskova of the Czech Republic and Zhu Lin of China at the 2023 National Bank Open in Montreal, Canada, on Aug. 7, 2023. (Photo by Andrew Soong/Xinhua)

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(SP)CANADA-MONTREAL-TENNIS-NATIONAL BANK OPEN-WOMEN'S SINGLES

(230808) -- MONTREAL, Aug. 8, 2023 (Xinhua) -- Karolina Pliskova of the Czech Republic returns the ball during the first round of women's singles match between Karolina Pliskova of the Czech Republic and Zhu Lin of China at the 2023 National Bank Open in Montreal, Canada, on Aug. 7, 2023. (Photo by Andrew Soong/Xinhua)

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(SP)CANADA-MONTREAL-TENNIS-NATIONAL BANK OPEN-WOMEN'S SINGLES

(230808) -- MONTREAL, Aug. 8, 2023 (Xinhua) -- Zhu Lin of China returns the ball during the first round of women's singles match between Karolina Pliskova of the Czech Republic and Zhu Lin of China at the 2023 National Bank Open in Montreal, Canada, on Aug. 7, 2023. (Photo by Andrew Soong/Xinhua)

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DR Congo announces measures to stabilize its national currency

STORY: DR Congo announces measures to stabilize national currency DATELINE: July 19, 2023 LENGTH: 00:01:19 LOCATION: Kinshasa CATEGORY: ECONOMY SHOTLIST: 1. various of Kinshasa 2. SOUNDBITE 1 (French): NICOLAS KAZADI, DRC Minister of Finance 3. various of Kinshasa STORYLINE: The Minister of Finance of the Democratic Republic of the Congo (DRC), Nicolas Kazadi announced at a press briefing in Kinshasa late Monday urgent measures taken by the government to stabilize the Congolese franc, the currency of the country, on the foreign exchange market. According to the minister, the value of the Congolese franc against the U.S. dollar continued to slide recently. The measures to stabilize the Congolese franc include the intervention of the central bank in the foreign exchange market, and the increase in the utility of the Congolese franc. SOUNDBITE 1 (French): NICOLAS KAZADI, DRC minister of Finance "What are the measures that we are going to take? First, the Central Bank, which disposes of important reserves,

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ROK banker expects to unlock new opportunities in China

STORY: ROK banker expects to unlock new opportunities in China DATELINE: June 29, 2023 LENGTH: 0:02:36 LOCATION: TIANJIN, China CATEGORY: ECONOMY SHOTLIST: 1. various of Tianjin 2. SOUNDBITE 1 (Korean): KIM WON SEOB, President of the Industrial Bank of Korea (China) Ltd. 3. SOUNDBITE 2 (Korean): KIM WON SEOB, President of the Industrial Bank of Korea (China) Ltd. 4. various of Tianjin STORYLINE: Kim Won Seob, a banker from the Republic of Korea (ROK) and president of the Industrial Bank of Korea (China) Ltd., has been lately occupied with the bank's 2023 business expansion plan in China. Kim says his bank seeks to expand business because China's economy is picking up faster than many expected. 　　 Kim moved to Tianjin in 2008 and has been working in this coastal city ever since. 　　 During this time, he witnessed the development of IBK China Ltd., which was established in Tianjin in 2009. SOUNDBITE 1 (Korean): KIM WON SEOB, President of the Industrial Bank of Korea (China) Ltd. "When I first came to Tianj

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Erdogan appoints Erkan as governor of Turkish central bank

STORY: Erdogan appoints Erkan as governor of Turkish central bank DATELINE: June 10, 2023 LENGTH: 00:01:08 LOCATION: Ankara CATEGORY: POLITICS SHOTLIST: 1. various of Hafize Gaye Erkan, the new governor of Türkiye's Central Bank (courtesy of ihlas news agency) 2. various of Türkiye's central bank 3. various of Turkish President Recep Tayyip Erdogan at the new cabinet meeting (courtesy of Turkish Presidency) 5. various of Turkish lira 6. various of Türkiye's central bank STORYLINE: Turkish President Recep Tayyip Erdogan appointed Hafize Gaye Erkan as the new governor of Türkiye's central bank, the Official Gazette announced on Friday. Graduating from industrial engineering at Istanbul's Bogazici University, Erkan has a doctorate in operations research and financial engineering from Princeton University. She has served as the former co-CEO at U.S.-based First Republic Bank, member of the board of directors at Marsh McLennan, managing director at Goldman Sachs, and board member at the jewelry firm Tiffany

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One after another, U.S. banking crisis deemed far from over

STORY: One after another, U.S. banking crisis deemed far from over DATELINE: May 11, 2023 LENGTH: 00:02:26 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the Federal Reserve 2. various of a First Republic Bank branch in Manhattan, New York 3. New York Stock Exchange on Wall Street 4. SOUNDBITE 1 (English): CHARLES READ, Scholar in economics and history at the University of Cambridge 5. various of a Silicon Valley Bank branch 6. SOUNDBITE 2 (English): GIORGIO DI GIORGIO, Professor of macroeconomics and monetary policy at Rome's LUISS University 7. various of a Signature Bank branch in Manhattan, New York 8. various of pedestrians in New York 9. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 10. various of pedestrians in New York STORYLINE: In a dramatic move aimed at curbing the two-month banking crisis, U.S. regulators seized control of First Republic Bank and sold it to JPMorgan Chase earlier this month. However, stocks of regional banks in the U.S. continue to

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Xinhua Headlines: Falling of regional banks, detrimental to U.S. and global economy

(230511) -- BEIJING, May 11, 2023 (Xinhua) -- This photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. (Photo by Michael Nagle/Xinhua)

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Fed's aggressive actions contribute to recent U.S. bank failures: experts

STORY: Fed's aggressive actions contribute to recent U.S. bank failures: experts DATELINE: May 9, 2023 LENGTH: 0:02:30 LOCATION: NEW YORK, U.S./London CATEGORY: POLITICS SHOTLIST: 1. various of the press conference at the U.S. Federal Reserve 2. various of branches of Silicon Valley Bank, Signature Bank and First Republic Bank 3. SOUNDBITE 1 (English): CHARLES READ, Scholar in economics and history at the University of Cambridge 4. SOUNDBITE 2 (English): BRENDAN AHERN, Chief Investment Officer of U.S.-based asset management firm Krane Funds Advisors STORYLINE: The U.S. Federal Reserve has implemented the 10th interest rate hike in about a year. The Fed's historical tightening, which has pushed the central bank's benchmark rate to its highest in nearly 16 years, has resulted in some "side effects," notably in the banking industry. Many economists and analysts believe that the Fed's aggressive actions played a role in the recent failures of three U.S. banks and that more regulations are needed to prevent t

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of JPMorgan Chase Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a sign at the JPMorgan Chase & Co. headquarters in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People enter the JPMorgan Chase & Co. headquarters in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of First Republic Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-MILLBRAE-FIRST REPUBLIC BANK-DETERIORATION

(230425) -- MILLBRAE, April 25, 2023 (Xinhua) -- This photo taken on April 24, 2023 shows an exterior view of a branch of First Republic Bank in Millbrae, California, the United States. First Republic Bank, a U.S. regional bank headquartered in San Francisco, saw a substantial deterioration in business in the first quarter (Q1) following last month's banking crisis leading to the closure of Silicon Valley Bank and Signature Bank, according to its latest release issued late Monday. (Photo by Li Jianguo/Xinhua)

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U.S.-MILLBRAE-FIRST REPUBLIC BANK-DETERIORATION

(230425) -- MILLBRAE, April 25, 2023 (Xinhua) -- This photo taken on April 24, 2023 shows an exterior view of a branch of First Republic Bank in Millbrae, California, the United States. First Republic Bank, a U.S. regional bank headquartered in San Francisco, saw a substantial deterioration in business in the first quarter (Q1) following last month's banking crisis leading to the closure of Silicon Valley Bank and Signature Bank, according to its latest release issued late Monday. (Photo by Li Jianguo/Xinhua)

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U.S.-MILLBRAE-FIRST REPUBLIC BANK-DETERIORATION

(230425) -- MILLBRAE, April 25, 2023 (Xinhua) -- This photo taken on April 24, 2023 shows an exterior view of a branch of First Republic Bank in Millbrae, California, the United States. First Republic Bank, a U.S. regional bank headquartered in San Francisco, saw a substantial deterioration in business in the first quarter (Q1) following last month's banking crisis leading to the closure of Silicon Valley Bank and Signature Bank, according to its latest release issued late Monday. (Photo by Li Jianguo/Xinhua)

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Xinhua Headlines: How U.S. dollar's hegemony creates global chaos

(230404) -- BEIJING, April 4, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. (Photo by Li Jianguo/Xinhua)

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Xinhua Headlines: U.S., Europe in bank turbulence, triggering fears globally

(230319) -- NEW YORK, March 19, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-FIRST REPUBLIC BANK

(230314) -- MILLBRAE, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-FIRST REPUBLIC BANK

(230314) -- MILLBRAE, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-FIRST REPUBLIC BANK

(230314) -- MILLBRAE, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows the exterior view of a First Republic Bank branch in Millbrae, California, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Photo by Li Jianguo/Xinhua)

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NEW YORK-FIRST REPUBLIC BANK-STOCKS-FALL

(230314) -- NEW YORK, March 14, 2023 (Xinhua) -- People walk past a First Republic Bank branch in New York, the United States, March 13, 2023. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Xinhua/Zhang Mocheng)

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NEW YORK-FIRST REPUBLIC BANK-STOCKS-FALL

(230314) -- NEW YORK, March 14, 2023 (Xinhua) -- This photo taken on March 13, 2023 shows a signage of First Republic Bank in New York, the United States. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Xinhua/Zhang Mocheng)

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NEW YORK-FIRST REPUBLIC BANK-STOCKS-FALL

(230314) -- NEW YORK, March 14, 2023 (Xinhua) -- A customer enters a First Republic Bank branch in New York, the United States, March 13, 2023. Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility. The volatility came just days after a stock market selloff that triggered the failure of Silicon Valley Bank (SVB), as the concern of systemic contagion spread among the tech industry broadly. (Xinhua/Zhang Mocheng)