Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank , the largest U.S. bank failure since the 2008 financial crisis.
Here is what analysts are saying about the sell-off in regional banks:"If a 'confidence crisis' can happen to First Republic, it can happen to any bank in this country."
"I think the forces are in place to deliver trouble in the world of banking. That’s going to spill over necessarily into monetary policy, into bond prices and stock prices.""It's been interesting to see how there was a sort of a complacency that took hold after it . It felt like there wasn't going to be any continued spillover effects from those initial issues that cropped up in late march.
"But I'm of the view that it is a bit overdone simply because the market is reflecting lower interest rates now than we did a few months back. Some of the pressure on the balance sheets is better. The Fed programs of providing liquidity is working and some of the bigger banks like JPMorgan can step in when necessary to either buy or rescue a bank."
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