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failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go fo ....
About already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go for some of the regional stocks as we face the confidence issue in banking. but some of the larger banks getting swept up in the selloff. chase was off earlier bank of america, citigroup, wells fargo getting caught up in the larger. and chase bank it s been considered the problem child of european banking, so it had its fair share of issues even before svb s collapse and signature. i think what we re witnessing how on edge investors are about the sector and banking outlook and really confidence issues moving forward. the situation regulator just put out a statement trying to shore up confidence in credit ....