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Bank stocks continue to fall following First Republic demise

Por: Associated Press Business May 02, 2023

NEW YORK (AP) — Regulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits and commercial banks such as Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank. Shares of Western Alliance dropped 15% and PacWest fell 28%,... + full article



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