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 reasons did S&P give for the junk rating of First Republic?

What amount of new deposits did Bank of America receive during the turmoil?