First Republic Bank and other regional lenders clawed back some losses after their worst selloff in three years, in a volatile trading session that reflected how investors were still evaluating regulators’ emergency measures to contain a banking crisis.
Shares of First Republic, which crashed Monday, closed about 27% higher after a nearly 60% jump earlier in the day. PacWest Bancorp gained more than 30%, and Western Alliance rose 14%. Both had been up more than 50% earlier in the day.
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