First Republic loses a third of its value amid reports it’s considering a sale

First Republic Bank’s stock tumbled another 32% Thursday to a new all-time low amid reports the bank is exploring its strategic options, including a potential sale of the company.

The move weighed on other bank stocks as doubts about the U.S. financial system reverberated through the market after the demise of Silicon Valley Bank, Silvergate Bank and Signature Bank in the past week.