First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008

First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008

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A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022. Michael Nagle/Xinhua via Getty The implosion of Silicon Valley Bank has dragged down other regional banks as fears of contagion grow. Shares of First Republic Bank and PacWest Bancorp have plunged…

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