New York, May 4 (EFE).- The shares of the US regional banks falter again on the Wall Street Stock Exchange after the collapse of the PacWest bank on Wednesday after information appeared indicating that it is studying a possible sale.
After sinking 50% in operations after the closing of Wall Street, PacWest lost 33% two hours before the opening of the New York parquet today and weighed down the rest of the regional banks that are dragging a very volatile week after the intervention and sale of First Republic Bank, which on Monday was taken over by financial giant JPMorgan Chase.
Before the opening of the New York Stock Exchange, the Metropolitan Bank, which dropped 20% on Tuesday, today fell another 17%; Western Alliance, left 10% today; Comerica 8% and KeyCrop almost 8%.
Likewise, several regional bank ETFs were punished in electronic operations prior to the official start of the stock market, such as the KRE ETF, which lost 4.35%.
This financial turmoil affected the three main stock indices on Monday and has been one of the main factors behind the severe fall in the price of WTI oil, which has dropped 10% in recent days.
This volatility coincides with the announcement, yesterday, by the United States Federal Reserve (Fed), of a new rise in interest rates of 25 basis points.
In the early hours of Monday and after a weekend of speculation, US regulators intervened First Republic Bank and reached an agreement to sell most of its operations to JPMorgan for 10.6 billion dollars (9.664 billion euros).
The First Republic collapse is the third collapse of a regional bank in just two months in the US, after those of Silicon Valley Bank and Signature Bank last March.
The bank had sunk on the stock market and had lost virtually all its value last week, when it released its quarterly results and revealed that its clients had withdrawn more than 100,000 million dollars in deposits during the recent banking crisis.
