CoinGape
CoinPedia
CoinDoo
Banking Crisis: The back to back collapse of several U.S. regional banks has jolted the global financial markets. Data depicts that after the Buyout of First Republic Bank by JPMorgan regional banking stocks extend the pain run on Wednesday. PacWest Bancorp (PACW • NASDAQ) stock prices declined around 12% in pre-market trading. However, the question remains the same will market see another bank run at the end of this week?
Also Read: FOMC, ECB: Bitcoin To Face Tough Week Ahead; Here’s Why
Who’s Next On The Bank Run?
JPMorgan Chase (JPM.N) reportedly stated that it would buy most of the troubled First Republic Bank (NYSE: FRC) assets. Instead of witnessing a relief rally, banking stocks registered heavy selling.
PacWest Bancorp’s declining share price caught the attention of investors. It slid by worrying 28% to a record low in the last session to trade at $6.55. However, PacWest share price has dropped by almost 45% in the last 5 days.
The post Every Friday One US Bank Collapses; Who’s Next On The Bank Run? appeared first on CoinGape.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks
