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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Fall After First Republic Bank Suspends Dividend

First Republic United States Jim Patterson Silicon Valley Bank
ticker board with each stock in the red

This week has been all about the banking industry, so it seems fitting that a key driver of the market Friday was news that a beaten-down bank suspended its dividend. 

This was the latest sign of instability in the embattled financial sector – and follows the failures of several U.S. regional lenders, including Silicon Valley Bank. As a result, nervous investors took risk off the table ahead of the weekend.  

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