Shares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp PACW dropped 12% in premarket trading, while shares of Metropolitan Bank Holding Corp. MCB dropped 8%, Citizens Financial Group Inc. CFG fell 9% and Western Alliance Bancorp. WAL stock fell 7%. Weakness for those lenders comes two days after JPMorgan Chase & Co. JPM announced plans to acquire troubled First Republic Bank.
... Shares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp PACW dropped 12% in premarket trading, while shares of Metropolitan Bank Holding Corp. MCB dropped 8%, Citizens Financial Group Inc. CFG fell 9% and Western Alliance Bancorp. WAL stock fell 7%. Weakness for those lenders comes two days after JPMorgan Chase & Co. JPM announced plans to acquire troubled First Republic Bank.
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