Traders work at the post where First Republic Bank is traded on the floor of the New York Stock Exchange (NYSE) in New York City, US, on March 13, 2023. A joint guarantee by the US Federal Reserve, the Treasury Department and the Federal Deposit Insurance Corporation wasn't enough to stop the bank rout. First Republic Bank plunged 61.83 percent, Western Alliance Bancorp plummeted 57.06 percent and KeyCorp sank 27.33 percent. Photo: IC