Regional Banks Brace for More Trouble Ahead

Regional Banks Brace for More Trouble Ahead
Photo by Andrea Piacquadio: https://www.pexels.com/photo/young-troubled-woman-using-laptop-at-home-3755755/

The stock market is growing more sanguine about US regional banks, but the lenders still face serious pressure.

A credit “contraction is invariably coming,” Soros Fund Management Chief Executive Officer Dawn Fitzpatrick said at this week’s Bloomberg Invest conference, adding that additional banks will fail because “there are more problems under the surface.”

Read More : Regional Banks Brace for More Trouble Ahead