The Banking Crisis of 2023

Adrienne Doc-Blust: PacWest, a regional bank caught in the turbulent crosswinds of what I like to call the monetary policy induced banking crisis of 2023. The price of PacWest's publicly traded stock following the latest data about deposit flight saw a staggering drop of 41% just on the day. In other news, Robinhood Markets planning to introduce a new feature allowing 24-hour market trading for selected stocks and exchange-traded funds around the clock.