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US Stocks Rebound after Wall Street Puts its Money Where its Mouth is

March 17, 2023

Via: DailyFX

The biggest banks in the US placed $30 billion in deposits at struggling First Republic Bank in the wake of increased withdrawals from nervous customers at midsized US banks. The first domino to fall was Silicon Valley Bank, followed by Silvergate Bank and Signature Bank.

While the treasury department assures the public that American banks are sufficiently capitalized, declining sentiment and faith in the overall banking sector has dragged down the share prices of even the largest, more highly regulated US banks.

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