US Banks Head Lower After Credit Suisse Plunge

The video discusses the turmoil in the banking sector, focusing on the First Republic's junk rating and its impact on regional banks. Despite regulatory actions, risks of outflows remain, affecting banks like Pack W and Western Alliance. Major banks such as JP Morgan and Bank of America are also impacted, though they benefit from increased deposits. Overall, no banking stock is performing well today.

What was the primary reason for First Republic's stock decline?

• A positive rating from S&P

• A junk rating from S&P

• An increase in deposit inflows

• A merger with another bank

Which regional bank experienced a 13% decline?

• Western Alliance

• Pack W

• Bank of America

• First Republic

How did major banks like JP Morgan and Bank of America benefit from the regional bank turmoil?

• By closing branches

• By gaining new deposits

• By increasing loan rates

• By losing deposits

What was the percentage decline in stock prices for major banks like JP Morgan and Goldman?

• 1% to 2%

• 3.5% to nearly 5%

• 8% to 9%

• 6% to 7%

How much did Bank of America gain in new deposits during the turmoil?

• $10 billion

• $20 billion

• $5 billion

• $15 billion