First Republic Bank suspended trading after opening down 67%, the biggest drop on record

According to TechFlow, when the U.S. stock market opened, the Dow fell about 280 points, the Nasdaq fell 0.85%, and the S&P 500 fell more than 1%. Bank stocks plummeted, with First Republic Bank (FRC.N) falling 67%, Alliance Western Bank (WAL.N) falling 75%, PacWest Bancorp (PACW.O) falling 37%, and Credit Suisse (CS.N) falling more than 8%.

Among them, First Republic Bank (FRC.N) was suspended, and its opening price fell 67%, setting a record for the largest drop.