Trading temporarily HALTED in dozens of banks after shares fell by up to 75% when market opened at 9.30am – moments after Biden said ‘US banking is safe’ – as contagion spreads to heavyweights Wells Fargo, Bank of America and JP Morgan

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts