Wall St set for lower open as bank worries linger

By Shubham Batra and Amruta Khandekar (Reuters) -Wall Street was set to open lower on Friday as investors remained wary about a potential banking crisis even as the country’s largest banks came to the rescue of troubled regional lender First Republic Bank. Big banks including JPMorgan Chase & Co and Morgan Stanley threw a $30 billion lifeline to First Republic on Thursday, calming some nerves and helping Wall Street’s main indexes notch gains, with the tech-heavy Nasdaq rallying over 2%. Shares of First Republic, however, extended their fall in premarket trading, dropping 20.1%, after the bank…

Read More