(Boursier.com) — First Republic Bank, a California-based services, investment and wealth management bank, collapsed in minutes at the opening of Wall Street dropping more than half of its value to a low of $45, before recovering most part of his losses. The stock remains extremely volatile and is currently down 5% at $91.4. This is an establishment that still weighs more than 15 billion dollars on the American side. The Silicon Valley Bank affair therefore seems to be provoking reactions of irrational panic on a certain number of secondary issues in US finance. Signature Bank is also particularly choppy, with a plunge from $75 to $61 at the start of the day. The title is currently pointing down 4% to $87 on the Nasdaq.
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