#SignatureBank has been shut down by regulators citing systemic risk. Second US regional bank to close down in a a week,after the collapse of Silicon Valley Bank. Depositors will have ALL money guaranteed, not just the $250,000 covered by Federal Deposit Insurance Corporation. 
Biden: "Americans can rest assured that our banking system is safe. Your deposits are safe." Nothing is more certain to make depositors nervous than the President publicly telling they should not be nervous.
San Francisco's First Republic shares lost 65% on Monday, West Bancorp dropped 42%, Western Alliance Bancorp lost more than 70% as regional bank stocks fell sharply. Zions Bancorporation shed 39%, while KeyCorp fell 23%. Bank of America lost 6%, Charles Schwab tumbled 18%.
Trading halted for Western Alliance bank at NYSE after an 80% fall in shares.
First Republic Bank’s (FRC) shares tanked a record 67% and were halted for volatility
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