plummeted

On March 14, it was reported that the regional banks in the United States were severely affected by the bank incident in Silicon Valley. On Monday, the share price of Western Alliance Bancorp plunged by more than 80% before the market; The share price of First Republic Bank plummeted 78%, and the share price of PacWest Bancorp fell 53%. Former Chairman of FDIC: Affected by the bank events in Silicon Valley, more banks will go bankrupt in the future Analysis based on this information:On March 14, news broke that a bank incident in Silicon Valley had a severe impact on regional banks in the United States. The news caused panic among investors and resulted in a significant drop in the share prices of various banks. Western Alliance Bancorp experienced a drastic 80% fall, First Republic Bank plummeted by 78%, and PacWest Bancorp also suffered a considerable 53% decline in their respective share prices. The incident in Silicon Valley sent shockwaves…