The print was barely dry post FOMC yesterday when regional bank PacWest (PACW -50.6%) decided to announce they are looking at strategic options. Those words these days equal almost certain termination in the banking sector, and obviously dampens investor sentiment. To add to the misery, headlines that TD (TD +95bps) and First Horizon (FHN -33.1%) called off their merger, and a FT report that Western Alliance (WAL -38.4%) was also seeking strategic options (“vehemently” denied by WAL), pushed in…
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