in the USA Concerns that the banking crisis will continue hit banking stocks, while a US bank is reportedly looking for more potential selling options.
According to the news of the Financial Times, based on two sources, Arizona-based Western Alliance, which has $ 71 billion in assets, has started research to sell all or a part of its banking business.
After PackWest, the bank that hired consultants was the last bank to seek a lifeguard for itself.
Western Alliance, which lost 25% before the news of the sale spread today, fell another 45% after the news of the FT.
The takeover of First Republic Bank by JP Morgan, which had similar problems in the past days, was not enough to restore confidence in the sector.
As of the beginning of the week, there has been a serious sale in banking stocks, while banks, which are experiencing liquidity problems due to the aggressive moves of the FED’s interest rate policy, are falling one by one.
Powell said in his speech yesterday that the banking system is sound. However, the market seems to disagree.
While the declines in banking stocks caused the US stock markets to be sluggish, we watched Bitcoin sway a little at the first stage and regressed to $28600.
Meanwhile, gold continued to hold above $2000, gaining close to 2%.
Will Bitcoin rise again on this story as banks in the US wait for their savior years later? We will be following.
Update: Western Alliance stated that FT’s report is not true.
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