{"id":3548,"date":"2023-05-03T06:12:42","date_gmt":"2023-05-03T10:12:42","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/regional-bank-etf-sinks-after-first-republic-failure-books-biggest-drop-since-turmoil-in-the-sector-began-in-march\/"},"modified":"2023-05-03T06:12:42","modified_gmt":"2023-05-03T10:12:42","slug":"regional-bank-etf-sinks-after-first-republic-failure-books-biggest-drop-since-turmoil-in-the-sector-began-in-march","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3548","title":{"rendered":"Regional-bank ETF sinks after First Republic failure, books biggest drop since turmoil in the sector began in March"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001998574\">\n<div class=\"snippet__body\">\n<p>Exchange-traded funds that buy bank stocks slumped Tuesday in the wake of First Republic Bank\u2019s failure, with the SPDR S&amp;P Regional Banking ETF booking its worst performance since the banking-sector turmoil began in mid-March.<\/p>\n<p>The SPDR S&amp;P Regional Banking ETF KRE closed 6.3% lower Tuesday, its biggest drop since plunging 12.3% on March 13, the day after the U.S. government intervened to shore up confidence in the banking sector following the collapse of Silicon Valley Bank and Signature Bank, according to FactSet data.<\/p>\n<p>&#8230;\n    <\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/regional-bank-etf-sinks-after-first-republic-failure-heads-for-biggest-drop-since-march-banking-turmoil-f0f9fc06?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exchange-traded funds that buy bank stocks slumped Tuesday in the wake of First Republic Bank\u2019s failure, with the SPDR S&amp;P Regional Banking ETF booking its worst performance since the banking-sector turmoil began in mid-March. The SPDR S&amp;P Regional Banking ETF KRE closed 6.3% lower Tuesday, its biggest drop since plunging 12.3% on March 13, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-3548","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regional-bank ETF sinks after First Republic failure, books biggest drop since turmoil in the sector began in March | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Exchange-traded funds that buy bank stocks slumped Tuesday in the wake of First Republic Bank\u2019s failure, with the SPDR S&amp;P Regional Banking ETF\" \/>\n<meta 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