Part 3/11:
Two major banks have already failed in rapid succession: Silicon Valley Bank saw its stock plunge by 83% at one point before closing down 45.5%, while First Republic Bank's shares tumbled nearly 62%, mirroring the swift downfall of SVB earlier in the week. Adding to the stress, Signature Bank's failure is being grouped with these events, which cumulatively threaten to push the total bank failures into the hundreds—drawing parallels with the aftermath of the 2008 financial crisis.