Even as the stock price of Credit Suisse, the giant European lender, recovered after a plunge, shares of some midsize American banks plummeted on Thursday.
Category: East West Bancorp Inc
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U.S. regional banks like First Republic remain a source of worry.
The New York Times – Business: -
Stocks Wobble as Smaller Banks Plunge on Fears of Contagion
The New York Times – Business:The volatile conditions led to trading in a dozen banks being halted after triggering so-called circuit breakers, established in part to prevent runaway crashes.