![Banks resume slide as First Republic gets $30B in deposits](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/macro-insight.jpg&w=70&h=37&q=75)
Quick Take
- First Republic Bank’s share price is down 80% in the past month and got 11 major U.S banks to pledge $30 billion, but the stock continued to slide during today’s pre-market, down 14%.
- Credit Suisse is also down 9% during pre-market.
- SVB financials files for chapter 11 bankruptcy in New York
- As a result, Gold increases gains by 1% to $1,936.
- Bitcoin extends gain approaching $27,000.
![First Republic Deposit: (Source: Charlie Biello)](https://cryptoslate.com/wp-content/uploads/2023/03/30.png)