Regional Bank Stocks Experience Sharp Decline Amid Economic Uncertainty
TL;DR Summary
Shares of midsize lenders, including PacWest, Western Alliance, and Metropolitan Bank, fell sharply following the collapse of First Republic Bank, indicating investor concerns about the industry's health in a world of higher interest rates.
- Regional Bank Stocks Plunge Ahead of Fed Meeting The Wall Street Journal
- PacWest falls more than 20% as regional bank stocks slide to new lows CNBC
- PacWest, Western Alliance crash as regional bank fears continue to shake markets Yahoo Finance
- Live news: US job openings hit two-year low as labour market shows signs of cooling Financial Times
- PacWest (PACW), Western Alliance (WAL) Stocks Lead Regional Bank Selloff Bloomberg
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