First Republic Bank tanks 62% as US Regional Banks lose worth in spite of assurances from US regional lenders assure investors

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[{"selector":"#anim-7235b334-8778-4f28-b6fc-ec2ed7b22276 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.054347794388592%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4f083b38-de36-40e3-8580-309140c8be71","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-be0e8db2-cd3c-4cae-be19-2ac1a06856e4","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The bank has already declared in public that they have more than $70 billion as liquidity in their kitty to run daily operations

[{"selector":"#anim-40ec7c24-63c4-4ce5-b9cf-cf009f94afdf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.7080745358835756%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-07f31197-58e7-4cd0-824b-91513297605d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-06d75952-e08b-4938-981b-7f3a00229b77","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The bank officials confirm that they have agreements with the US Federal Reserve and JP Morgan to back them up

[{"selector":"#anim-4d9d1cd7-7a38-4cb3-81d9-c45bc116ad6c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.6304347774683983%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-823871d7-7dc3-4798-92fc-b85110db0dd0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9cf72cf4-478b-4317-b578-fb9d9ddb2500","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE However, such assurances were not enough as the spiralling effects of the SVB crash continue to spread like fire

[{"selector":"#anim-fe638cca-a52a-4bdb-879f-1c623e51d5e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-8.393058683547537%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8fce949c-6f6e-4b1a-a6b9-5fa7f77aa6ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dbfac039-cc1c-4133-9291-1627681a0cc8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The First Republic Bankis San-Francisco based financial company and their clientele include mostly high-end banking clients

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First Republic Bank tanks 62% as US Regional Banks lose worth in spite of assurances from US regional lenders assure investors

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