2023-05-09 15:02:00
In the US stock market on the morning of the 9th,Pacwest Bancorp andRegional bank stocks such as Western Alliance Bancorp have resumed declines.
Pacwest dropped 10% at one point, falling for the first time in three trading days. On the 5th, it played the biggest rise since the listing. Western Alliance lost 7.7% in the market on Monday. The regional bank stock index and the KBW bank stock index also fell.
Since the failures of Silicon Valley Bank (SVB) and Signature Bank, the stocks of regional banks have been under downward pressure. Investors are reeling from the outflow of deposits from banks and are growing more concerned regarding stability in general. Concerns regarding medium- to long-term pressures, such as soaring funding costs and possible tightening of regulations, have also weighed on.
Source: Bloomberg
news-rsf-original-reference paywall">Original title:PacWest, Western Alliance Slide as Regional Bank Stocks Fall(excerpt)
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