off US banks' value today in a bloodbath on Wall Street sparked by the collapse of Silicon Valley Bank. as the velocity of money forced regulators to intervene. The Big Four of US banks were also drawn into the bloodletting. Citigroup's share price dived 7.45 percent, Wells Fargo sank 7.1 percent, Bank of America plunged 5.8 percent and JP Morgan fell 1.8 percent.Among the worst affected regional banks were First Republic which fell by 62 percent, Western Alliance which closed with a loss of 47 percent and KeyCorp which dropped by 21 percent.
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