First Republic and Other Smaller US banks are trading down about 64% today. It is down 90% from its 12 month peak.
Western Alliance Bancorp was down as much as 85% today. PacWest Bancorp was down 60%, hitting a record low. Other regional banks were also down Customers Bancorp Inc., Comerica Inc., Zions Bancorporation, East West Bancorp and Bank of Hawaii.
There is a movement of deposits from smaller banks to the largest banks.
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What makes a deposit base low or high risk?
Banks are too fragile. Banking needs to be a service the state provides.