The banking sector is again struggling on Wall Street on Tuesday, April 25. From Bank of America to JP Morgan to Citigroup, the big banks have also taken the water.
The area was contaminated by First Republic Bank's plunge. The share of the Californian bank, 14th bank in the United States in March, lost 49% of its value on the New York Stock Exchange, due to poor results announced the previous evening. To turn things around, First Republic intends to limit lending while increasing insured deposits.