US regional banks face big sell-off despite First Republic rescue deal

US regional banks face big sell-off despite First Republic rescue deal

City A.M.

Published

Regional banks across the US were under pressure today as investors became increasingly nervous about the state of the banking sector despite JP Morgan’s acquisition of First Republic Bank.  The KBW regional bank index, which includes a range of regional lenders, shed 6.6 per cent. Pacwest Bancorp shares were down nearly 30 per cent, while [...]

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