ASX to fall, US regional bank stocks plummet

News Snapshot:

On Wall Street, financials led nine of the S & P 500’s industry sectors lower. Real estate and utilities were higher. The VIX leapt more than 9 per cent to edged above 20. Western Alliance says ‘no truth’ to report of deal talks Western Alliance said it’s not exploring a sale nor has it hired an adviser to explore options, adding the report “is categorically false in all respects”. Goldman says US is investigating its work for Silicon Valley Bank Goldman said it was “cooperating with and providing information” to unnamed governmental bodies reviewing SVB’s collapse in March. The European...