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Bill Ackman's dire warning for US regional banks and the looming crisis.

1 min read
Source: Bloomberg
Bill Ackman's dire warning for US regional banks and the looming crisis.
Photo: Bloomberg
TL;DR

Bill Ackman has warned that the US regional banking system is at risk and the regulator's failure to update and expand its insurance regime has "hammered more nails in the coffin". JPMorgan Chase & Co. has acquired First Republic Bank, the second-biggest bank failure in US history, and the fourth regional lender to collapse since early March after Silvergate Capital Corp., SVB Financial Group's Silicon Valley Bank and Signature Bank.

Topics:businessfinance#bank-failures#bill-ackman#finance#jpmorgan-chase#pnc-financial-services#us-regional-banking-system
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  1. Bill Ackman Warns US Regional Banking System Is at Risk  Bloomberg
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  3. 'We are running out of time to fix this problem' — Bill Ackman's latest warning on regional banks  MarketWatch
  4. Bill Ackman Warns No Regional Bank Can Survive Current Crisis - PacWest Banc (NASDAQ:PACW), Invesco KBW B  Benzinga
  5. Bill Ackman: More banks will fail unless FDIC insures all deposits  Markets Insider
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