Lions and friends…
Regional banks are in FREEFALL this morning, as the stock market CRATERS.
PacWest (PACW) and Western Alliance (WAL) plunge, with their drops of roughly 39% and 21% in morning trading.
What happened to “The Banking System Is Sound?” Words just uttered by Powell, Biden, and Dimon…
GM
JMP looking to buy more assets for pennies on the dollar. Banking system centralizing faster than expected.
Banking sysyem is sound? More like ac/"DC" highway to hell.