TWO MORE BANKS HALT TRADING - First Republic and Pac West PLUNGE, DAMN LOOK at the CHART

First Republic, PacWest Plunge Amid Wider Bank-Stock Selloff

[link to finance.yahoo.com (secure)]


Shares of First Republic tumbled 51% to $47.25 at 9:49 a.m. in New York, while PacWest dropped 37%, triggering trading halts for both.

SVB, the parent of Silicon Valley Bank, plunged as much as 69% ahead of the US market open, before trading in the stock was halted pending news. On Thursday, the shares plummeted 60%, fueling a 7.7% drop in the KBW Bank Index, while First Republic and PacWest also posted record one-day declines.

Last Edited by Black Unit on 03/10/2023 11:28 AM