Knives Are Out For America’s Regional Banks

"There may be another small one, but this pretty much resolves them all," Jamie Dimon said, after buying First Republic on Monday. "This part of the crisis is over." I wouldn't want to call those "famous last words," but Dimon was certainly tempting fate, not to mention tempting the market. Obviously, his intention was to instill confidence, but JPMorgan can't buy every bank in America. Markets know that. And the knives are out for anything seen as exposed to CRE. On Tuesday, PacWest and Weste

You need a PLUS account to view this content. Try one month of PLUS for FREE.

Try PLUS for free

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “Knives Are Out For America’s Regional Banks

  1. Stating the obvious, but while increased FDIC coverage can address bank run risk, it can’t help with CRE loans or with tighter Fed supervision. I think many regionals will need to raise capital and/or reduce cash return to shareholders. With the median regional’s stock down more than -30% L12M, it will be a painful time to raise capital.

NEWSROOM crewneck & prints