Why US regional banks are doomed to a doom loopBy Paritosh Bansal
The KBW Regional Banking Index down some 30% since March 8.
So as one bank fails, another comes into the market's focus, creating a vicious cycle and putting pressure on regulators to intervene again.
Treasury Secretary Janet Yellen said on Saturday (May 13) that nearly all banks had access to sufficient liquidity but pressure on earnings may lead to some midsize bank deals.
"That's something I think the regulators will be open to, if it occurs," she said.
Source: Reuters
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It's all about "how much you made when you were right" & "how little you lost when you were wrong"