© 2024 WGLT
A public service of Illinois State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Banking sector wobbles again as another regional bank sees stocks plummet

The banking sector appears to still be precariously balanced. PacWest, a smaller regional bank, saw its stock fall by more than half early Thursday morning. Investors are fretting over another potential bank failure.

Robert Kaplan is the former president and CEO of the Federal Reserve Bank of Dallas. He joins host Scott Tong to talk about the banking sector’s recent woes.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.