(Finance) – Stocks of US banks, especially regional ones, remain under pressure following the collapse of Silicon Valley Bank (SVB) and Signature Bank.
on Wall Street, First Republic Bank shed 20% after S&P and Fitch downgraded its rating to junk. Heavy also the descent of PacWest which falls more than 14%. It also slips Western Alliance Bancorp (-3.7%), after the rating of the regional bank was placed under observation by Fitch with negative implications.