In a Wild Day for Markets, Bonds and Stocks Rally But Banks Crater
- Regional bank stocks such as First Republic, PacWest plummet
- Investors are “rushing for the exits without thinking twice”
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael M. Santiago/Getty ImagesThis article is for subscribers only.
US authorities raced over the weekend to put together a package of emergency measures that would snuff out fears about the health of the banking system.
On Monday, it had limited success, at best.