Chain Reactions of Bank Liquidity Crisis and Details of Bank Acquisitions
@VivianLau:
What happened in the bank liquidity crisis?Credit agency downgrades.Last week Moody’s placed several banks on review for downgrade, including $First Republic Bank(FRC)$, $Zions Bancorporation NA(ZIONO)$, $Western Alliance(WAL)$ and $UMB Financial Corp(UMBF)$. Last night S&P downgraded First Republic for the second time in a week, this time from BB+ to B+.Washington.Hearings have already been scheduled, and Senator Warren is - let us be gentle -returning to form. That there will be meaningful changes to the banking system seems a foregone conclusion, but the precise effects on in