Check out the companies making headlines in midday trading. First Republic — The regional bank shares shed over 20% even after the company is set to receive aid from other financial institutions.
The industry continues to be under pressure. PacWest and Western Alliance also lost more than 13% each, while KeyCorp slid 8%.
Credit Suisse — U.S.-listed shares of the Swiss bank fell nearly 11% on Friday, a day after soaring on news the bank will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank.
The stock has had a volatile week after Credit Suisse's largest investor said it wouldn't provide additional funding to the bank.Read more on cnbc.com