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Bank stocks continue to fall following First Republic demise
While regulators are still dealing with the aftermath of the recent failure of First Republic Bank, investors on Wall Street have already shifted their attention to speculating about which bank might be the next to face a similar fate.
On Tuesday, bank stocks experienced significant declines, particularly smaller banks that have substantial exposure to uninsured deposits, the Associated Press reports.
Institutions like Western Alliance Bank, PacWest Bancorp, Comerica, and Zions Bank saw their share prices plummet.
"Bank stocks continue to fall following First Republic demise"
READ MORE: https://apnews.com/article/first-republic-pacwest-western-alliance-banks-silicon-valley-8cde63be2e5f8519d8c22f60e0e3d764
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