Regional bank shares plunged last week as Wall Street grew anxious over a wider banking crisis.
The SPDR Regional Banking ETF (KRE) declined 6% on Friday, ending the week 14% lower. First Republic was the worst performer among regional banks, with shares plunging 72% in the week through Friday’s close.
PacWest fell 19% Friday, while US Bancorp and Western Alliance dropped 9% and 15%, respectively.
This article was originally published by CNBC.