First Republic Bank shares plummet by 60% in premarket trading, despite efforts to stabilize balance sheet.

Regional banks and financial firms experience share losses, highlighting ongoing concerns.

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Investors remain wary of potential collapses similar to Silicon Valley Bank's recent downfall.

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PacWest Bancorp tumbles by 35% in premarket trading, while Charles Schwab loses 8%.

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First Republic Bank secures $70 billion in new liquidity from Federal Reserve and JPMorgan Chase.

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CEO and executive chairman reassure customers of the bank's strong capital and liquidity positions.

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First Republic Bank has over $213 billion in assets, but share losses reflect market uncertainty.

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Federal bank rescue provides temporary relief, but long-term solutions are needed.

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BTIG's director of policy research warns that this is not the end of the story.

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First Republic Bank's troubles add to the ongoing woes of regional banks.

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Investors watch nervously as the banking sector struggles to find stability.

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