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US bank chaos: fear drives rational thought from markets

Shareholders of First Republic Bank routed the Fed & JPMorgan's $70bn backstop liquidity, while other regional banks stocks suffered sell-offs. HSBC is making a wager with the UK arm of SVB.

1 min read
  • Shareholders of First Republic Bank routing Fed & JPMorgan's $70bn backstop liquidity.
  • SVB & Signature Bank forced to seize & guarantee deposits.
  • Other regional banks stock suffering sell-offs.
  • HSBC making wager with UK arm of SVB.
US bank chaos: fear drives rational thought from markets
Backing of both the Fed and JPMorgan should have given worriers at First Republic pause for thought
Financial Times

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