Shares of regional U.S. banks are falling sharply amid the collapse of SVB

Shares of regional banks continue to fall due to the bankruptcy of Silicon Valley Bank (SVB).

Shares of San Francisco-based First Repubic Bank, which had earlier fallen 70 percent and was up 26.98 percent, were down 21 percent again Wednesday after trading closed.

Shares of PacWest Bancorp, based in Los Angeles, were down 13%, and shares of KeyCorp and Fifth Third Bancorp, both based in Ohio, were down 4%.

These declines are much smaller than the sharp declines seen Monday, but they are still indicative of the impact of the recent bankruptcies on mid-sized institutions. The U.S. banking crisis “shook investors and undermined confidence in the U.S. banking system.

On March 10, the Department of Financial Protection of the U.S. state of California declared the bankruptcy of Silicon Valley Bank. One of Silicon Valley’s leading lenders to technology companies went bankrupt in less than two days. It was the largest bankruptcy in the U.S. since the 2008 financial crisis. SVB was taken over by the Federal Deposit Insurance Commission. The bankruptcy of Signature Bank of New York followed on Sunday.

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