US President Joe Biden: All depositors at First Republic Bank are protected.

Bridgewater co-chief investment officer Karniol-Tambour: Without a severe recession, it is hard to imagine the Fed cutting interest rates.

PGIM CEO: There is no doubt that (US) interest rates will be higher for a longer period of time than the market is pricing in.

Citigroup CEO: There has been some weakness in U.S. consumer spending.

Citigroup CEO: Generative artificial intelligence will revolutionize industries and jobs.

Citigroup CEO: The next decade will see a huge transformation from artificial intelligence.

Spot palladium fell nearly 3%.

Market news: Microsoft will cooperate with GoDaddy, a domain name registration service company, to develop a function that allows users to send and receive payments through an online conference system.

Citigroup CEO: There are "budding" signs in Asia (market).

Citigroup CEO: Japan and India are global bright spots.

Citigroup CEO Fraser: Banks have realized that consumer deposits flow faster.

Citigroup CEO Fraser: The U.S. banking system is "working well."

Citigroup CEO Fraser: $30 billion in deposits from major U.S. banks has helped.

Citigroup CEO Fraser: This is one of the few poorly managed banks.

Citigroup CEO Fraser: No one wants to see a bank fail, but the Financial Regulatory Commission solved the problem.

Georgieva, managing director of the IMF: I believe that after the banking crisis, we will see a lot of thinking about regulation and information disclosure.

Fed interest rate swaps show about a two-thirds chance the Fed will pause rate hikes in June.

Non-US currencies generally fell. The euro against the US dollar EUR/USD fell by nearly 20 points in the short term, the British pound against the US dollar GBP/USD fell by more than 20 points in the short term, and the US dollar against the yen USD/JPY rose by 18 points in the short term.