Shares of some regional U.S. banks are depreciating following the collapse of First Republic Bank

New York, May 5.

The collapse of the U.S. First Republic Bank led to a drop in the quotations of some regional banks. This was reported by newspaper The Wall Street Journal.

PacWest Bancorp Western Alliance shares fell by 38%, First Horizon shares – by 33%. The quotations of Zions Bankcorp and Comerica Bank fell by 12%.

Such dynamics can provoke an outflow of investments. “The situation is getting dangerous,” the paper quotes Christopher McGritti, an analyst at Keefe, Bruyette & Woods. – When investors see this development, they wonder if they are safe.”

At the same time, large U.S. banks such as JPMorgan Chase, Wells Fargo and Bank of America, investments in which are considered safe investments, also lost 3-4% of their value on the exchange.

Earlier, the Federal Deposit Insurance Corporation (FDIC) proposed to reform the system of their protection in U.S. banks against the background of the recent bankruptcy of First Republic Bank, Silicon Valley Bank and Signature Bank.

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