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https://www.wsj.com/articles/bank-stocks-are-taking-their-worst-beating-since-the-covid-scare-d835a0cc

First Republic Leads Rout in Bank Stocks Despite Emergency Measures

Investors responding to bank failures back away from banks with large amounts of uninsured deposits

The abrupt collapse of the Silicon Valley Bank, the second-biggest bank failure in U.S. history, prompted regulators to impose emergency measures to stem the fallout. WSJ’s Rachel Ensign explains how the crisis unfolded and what could happen next. Photo: Jeff Chiu/Associated Press

and Telis Demos

Updated March 13, 2023 2:12 pm ET

Shares of First Republic Bank plunged Monday, leading a rout of U.S. regional banks despite efforts by U.S. regulators to calm investors after the collapse of Silicon Valley Bank.

First Republic shares were down 64% after earlier falling as much as 78%. The bank said Sunday that it had shored up its finances with additional funding from the Federal Reserve and JPMorgan Chase.

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