First Republic Bank's future uncertain as it struggles to raise capital
First Republic Bank's shares have lost nearly 90% of their value this month, the worst performing stock among the members of S&P 1500 regional banks index, which has fallen 30.2% during the same period. The bank is struggling to raise capital amid worries that it may need to downsize or seek government support. Major banks and private equity firms have so far balked at infusing capital on fear of losses on the bank's loan book and investment portfolio following a rapid rise in interest rates.