First Republic leads rout as SVB backstop fails to quell jitters
Illustration: Shoshana Gordon/Axios First Republic Bank shares plunged by more than 60% early Monday, leading a broad rout in bank stocks as a dramatic rescue of embattled Silicon Valley Bank failed to quell market volatility. Driving the news: PacWest tumbled by more than 37% in pre-market trading. Western Alliance cratered by over 68%. Signature — which was seized by regulators […]
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