I mean banks like we were gonna start anywhere else from American public media

this is Market Flags

In Los Angeles I'm Kai Rizdole it is Thursday today the fourth day of

Megad is always to have you along everybody so did you ever have one of those

days where you say something and then almost as soon as the words are out of

your mouth something happens that kind of torpedoes whatever it was that you

said well come back with me now to yesterday afternoon about this time when

we were going over Fed Chair Jay Powell's press conference and we played you

this bit of audio I think that the resolution and sale of of first

republic kind of draws a line under that period of is an important step toward

drawing a line under that period of severe stress you know where this is going

right after an already rough couple of days shares of Los Angeles based

Pac West started tumbling after hours the decline continued today first

horizon western alliance and assorted other smaller and regional banks most

people are not familiar with are having some challenges as well so with a

line under the period of severe stress clearly not drawn what oh what is a

regional bank to do marketplace is Kristen Schwab starts us off some of what's

happening in banking right now is actually pretty normal for starters interest

rates are always a part of banking strategy those ebbs and flows affect

business an analyst Joseph Wang at monetary macro says business is a key word

here banks are like any other businesses some of them fail in fact banks have

failed in 15 of the last 20 years most have been regional and small banks

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