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mgland

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mgland

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Wednesday, 02/07/2024 12:49:09 PM

Wednesday, February 07, 2024 12:49:09 PM

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US regional bank sell-off a cautionary sign of more pain to come
https://www.reuters.com/markets/us/us-regional-bank-sell-off-cautionary-sign-more-pain-come-2024-02-02/
WASHINGTON/NEW YORK, Feb 2 (Reuters) - Investors lulled into thinking U.S. regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank (NYCB.N)
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The under-the-radar lender's earnings report sparked a sell-off in regional bank shares in a warning for investors that had grown inured to the sector's sensitivity to high Federal Reserve interest rates nearly a year after two banks failed.
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