First Republic Bank was bailed out by some of the largest banks in the United States (Reuters)

A day after 11 of the largest banks in the United States came together to create a $ 30 billion bailout for Bank of the First Republicthe most fragile of North American financial entities after the collapse of Bank of Silicon Valley, shares of the California bank fell nearly 15% in trading before the opening of Wall Street. On the other side of the sea, in Zurich, the newspapers of Swiss credit they fell more than 10% when they had just received a $54 trillion lifeline from the Swiss National Bank. Bailouts, so far, have not been enough to allay fears.

Shares of U.S. regional banks fell early Friday, even after the nation’s biggest financial institutions agreed to inject $30 billion in uninsured deposits into First Republic Bank.

Shares of First Republic, which closed up 10% on Thursday, were down 14.39% before opening Friday, while PacWest Bancorp was down 5.85%. First Republic also suspended its after-hours dividend, adding pressure on the stock.

He safety planin which many the largest banks in the United Statess, including Bank of America BAC, Citigroup and JPMorgan Chase, initially brought some relief to regional bank stocks, but that optimism appears to have been short-lived.

The 11-bank consortium also includes Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, PNC Financial Services Group, State Street, Truist Financial and US Bancorp.

Major financial entities in the United States stepped forward yesterday Thursday to try to support the struggling bank in the hope of allaying investor doubts about the solvency of the financial system as a whole. But at least in the first few hours, the blow seems to yield little result.

The move reflects their “confidence in the country’s banking system,” the banks said in a joint statement. “America’s largest banks stand with all banks in support of our economy and everyone around us,” they added.

But not everyone saw the decision as a step in the direction of greater calm.

The mythical activist investor Bill Acman He said the intervention only served to spread the risk of contagion. “The result is that First Republic Bank’s default risk now extends to our largest banks. Spreading the risk of financial contagion to create a false sense of confidence in the First Republic is bad policy,” he said in a tweet late Thursday.

“The result is that First Republic Bank’s default risk now extends to our largest banks. Spreading the risk of financial contagion to create a false sense of confidence in the First Republic is bad policy” (Ackman)

The banking crisis which began last week with the collapse, first, of Bank of Silicon Valley then Signature Bank It has already taken the intervention of the American government which, last Sunday, took charge of returning all the deposits of these two entities to try to stop a race against the whole system.

This Thursday was a different bailout, led by the private sector, aware that the problems of medium-sized institutions can generate contagion throughout the financial system.

There was also no luck in Europe with the rescue measures. As investors wary of the health of banks around the world, Credit Suisse – which has been struggling for several years – has suffered a huge drop in share value. This prompted the Swiss National Bank, that country’s central bank, to provide the entity with a $54 billion lifeline. But after a rebound on Thursday, the title is suffering again.

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