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By Claudia Kaiser-Lenoir
March 16, 2023

After March 10 collapse of Silicon Valley and Signature banks, major U.S. regional bank stocks plunged, with First Republic Bank closing down over 60% on March 13. Despite capitalists’ claims of "big stock rally" March 14, shares of First Republic remained down.

After March 10 collapse of Silicon Valley and Signature banks, major U.S. regional bank stocks plunged, with First Republic Bank closing down over 60% on March 13. Despite capitalists’ claims of “big stock rally” March 14, shares of First Republic remained down.