Small Banks Are Crashing
Small Banks Are Crashing | ZeroHedge
- *FIRST REPUBLIC BANK HALTED FOR VOLATILITY, DOWN 65%
- *PACWEST HALTED FOR VOLATILITY; DROPPED 41% TO LOWEST ON RECORD
- *REGIONS HALTED FOR VOLATILITY AFTER PARING 31% DROP TO 20%
- *WESTERN ALLIANCE SINKS A RECORD 76%; HALTED FOR VOLATILITY
And this is how the various small banks are doing today.
The take home here is that, unfortunately, Joe Biden's 9am pep talk did little to boost confidence in small US banks.
Or, as we
put it earlier, ""It would be the Savings and Loan 2.0 Crisis but we regret to inform you there are no savings." Meanwhile, all hail JPMorgan, pardon,
JPMega, which is about to have some $18 trillion in deposits.