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Why 🏦🏦🏦🏦bank run is stopped 🔥🔥🔥🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿

$First Republic Bank(FRC)$ $Credit Suisse Group AG(CS)$ 

Why I feel is a good time to slowly buy banks stocks after this fear sell down .

Hey folks, it's sporepuppy here, and I'm here to talk to you about some exciting news in the world of finance. That's right, the stock markets and bank shares are bouncing back after a recent announcement from US authorities.

So what's the big news? Well, it turns out that a regional lender has taken over most of Silicon Valley Bank (SVB), which suffered a massive collapse earlier this month, marking the second-largest banking failure in US history. But don't worry, things are looking up.

Investors were feeling pretty jittery in the weeks following SVB's failure, fearing that the economy might be on the brink of collapse. But now, with news of the bank's acquisition, the pan-European STOXX 600 Index has risen by a healthy 1.1 percent, with European banks also up by 1.4 percent. That's quite the turnaround from the 3.8 percent drop they saw on Friday, when Deutsche Bank sent the sector into a tailspin.

Of course, not everyone is convinced that the banking sector is out of the woods just yet. As Russ Mould, investment director at AJ Bell, pointed out, many investors are still reluctant to get involved. But as they say, where there's risk, there's opportunity, and there are plenty of savvy investors out there who see a chance to make some serious money.

So what caused this sudden upswing in the markets? Well, the Federal Deposit Insurance Corporation (FDIC) recently announced that North Carolina-based First Citizens Bank would be taking over a large portion of SVB's assets, loans, and deposits. And while there are still some concerns about the $90 billion in securities and assets that the FDIC is holding onto, it's a positive step forward.

Meanwhile, First Citizens Bank has announced that it will be rebranding some former SVB branches as Silicon Valley Bank, a division of First Citizens Bank. It's a move that could help restore confidence in the banking system and put depositors' minds at ease.

And while some are worried about the reverberations of this recent turmoil, with people losing confidence in the banking system, US officials have been quick to dismiss the idea of a major economic collapse. They've assured the public that the US banking system is stable and sound, and that we won't be seeing a repeat of the 2008 financial crisis.

So there you have it, folks. Some exciting news in the world of finance, and a great reminder that even in the face of adversity, there are always opportunities to bounce back

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