The third bank is also on the verge of collapse

New Delhi. The crisis of the American banking sector is getting deeper. After the sinking of Silicon Valley Bank and Signature Bank, now another bank is also facing the threat of closure. In the last 5 days, the shares of American Bank, First Republic Bank have fallen by 65.61%. This decline is 70.30 percent in one month. The rating agency Moody’s has also included the name of First Republic Bank in the six American banks that have been kept under review. After the rating agency downgraded the rating of these banks, the discussions about the crash of the American banking sector have gained momentum. On Wednesday, the banking crisis deepened due to the heavy fall in the shares of Credit Suisse Bank.

First Republic Bank claims to have sufficient cash. But, this claim has not affected the investors and they are selling the shares of the bank indiscriminately. The bank has joined hands with Fed and JP Morgan for additional cash. Earlier on Monday, Western Alliance had told that the bank has more than $ 25 billion cash available.

Moody’s downgrades ratings of 6 banks
Rating agency Moody’s has downgraded the ratings of First Republic Bank as well as Zions Bancorporation, Western Alliens Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corporation to under review. Earlier on Monday, Moody’s downgraded the debt rating of Signature Bank to junk territory.

Credit Suisse stock plummeted
Shares of Swiss bank Credit Suisse fell 28 per cent on the Dow Jones on Wednesday. This is the biggest fall in the bank’s shares in a day. This decline in bank shares came after the news of Saudi National Bank, a major shareholder of the bank, not buying any more stake in the bank.

Will Credit Suisse sink?
At the same time, Robert Kiyosaki, the famous investor and co-founder of Rich Dad Company, who predicted the collapse of Lehman Brothers Bank in 2008, has said that Credit Suisse Bank is about to collapse. Kiyosaki says that the US bond market is crashing. This is the biggest problem. Kiyosaki has warned that America is in ‘serious trouble’ due to the bond market and the bond market has now become a major problem for the economy. Kiyosaki has said that the dollar will also weaken in the coming times.