First Republic Bank shares plunge amid fear of systemic contagion after SVB's failure

SAN FRANCISCO, March 13 (Xinhua) -- 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.