Trading halted in three banks after shares fell as much as much 75% moments after Biden said ‘US banking is safe’

Trading has been halted in three banks this morning after shares fell as much as 75 percent when the market opened moments after Joe Biden claimed ‘US banking is safe’. Western Alliance Bancorp’s stock price dropped by three quarters as the opening bell sounded while shares in First Republic Bank dived 67 percent and PacWest … Continue reading Trading halted in three banks after shares fell as much as much 75% moments after Biden said ‘US banking is safe’