Regional and big bank stocks pare early gains to trade lower premarket as fears of banking crisis rise

Regional banks pared their early gains to trade lower in premarket trade Wednesday, after Bloomberg reported that Bank of America had received more than $15 billion in customer deposits recently following the failure of three banks in the space of a week. Meanwhile, in Europe, Credit Suisse shares fell to a new record low, pressuring the broader market and the rest of the European banking sector and Dow futures YM00, -1.73% tumbled more than 500 points. First Republic Bank FRC, +26.

was down 5% and Western Alliance Bancorp. WAL, +14.36% was down 2.3%. The big banks also moved lower with JP Morgan Chase JPM, +2.57% down 2.3%, Citigroup C, +5.95% down 4.1% and Bank of America Corp. BAC, +0.88% down 3%.

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Stock Market Today: Regional Bank Shares Tumble After Regulators Announce Silicon Valley Bank PlanRegional bank shares slid premarket and investors piled into the safety of bonds after regulators tried to limit the damage from Silicon Valley Bank's collapse creditscom creditscom creditscom
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Regional bank stocks pare early gains to trade lower premarket, and big banks follow suitRegional banks pared their early gains to trade lower in premarket trade Wednesday, after Bloomberg reported that Bank of America had received more than $15...
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First Republic, regional bank stocks rebound despite Moody’s downgradesMoody’s Investors Service announced that it would scrutinize financial institutions for a potential downgrade of their credit rating. Pretty much Doubt Dead cat bounce.
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