Banking fears reignited on Wall Street as HSBC chief claims crisis is over
Written by Black Hot Fire Network on May 3, 2023
Fears of a US banking crisis were reignited on Tuesday after shares in two regional lenders plummeted following the failure of First Republic.
PacWest, a Californian lender, saw trading in its shares suspended after the stock plunged as much as 39pc, while Arizona's Western Alliance fell by more than a fifth.
The steep drops stoked concerns about a crisis of confidence in the US banking system and led to calls for the Federal . . .