After last weekend’s fireworks surrounding the First Republic failure and takeover (yes it has only been a week), investors appear to be taking a “no news is good news” approach to the US banking crisis for now. PacWest Bancorp is
It has been a good news, bad news evening and morning for banks and the markets. On the positive side, the Fed and the US Government stepped in with a plan to backstop depositors at Silicon Valley Bank in a