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Bank stocks continue to fall following First Republic demise

Summary by Ground News
Shares of Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank fall. The second day of bank stock declines comes after regulators closed First Republic Bank. Concern among investors and regulators is that banks have large amounts of uninsured deposits. There are also lingering fears about commercial real estate loans.

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Bias Distribution

  • 67% of the sources are Center
67% Center
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, May 2, 2023.
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