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In a Wild Day for Markets, Bonds and Stocks Rally But Banks Crater

  • Regional bank stocks such as First Republic, PacWest plummet
  • Investors are “rushing for the exits without thinking twice”
Traders work on the floor of the New York Stock Exchange.

Traders work on the floor of the New York Stock Exchange.

Photographer: Michael M. Santiago/Getty Images
Updated on

US authorities raced over the weekend to put together a package of emergency measures that would snuff out fears about the health of the banking system.  

On Monday, it had limited success, at best.