![]() ![]() That’s not going to be enough for financiers and lawmakers alarmed by the parade of scary news coming from the financial sector. ![]() ![]() official told Victoria that the market gyrations aren’t cause for the government to step in with more sweeping action, with deposit flows still relatively stable. The FDIC’s sale of failed First Republic Bank to JPMorgan Chase earlier this week - which JPMorgan CEO Jamie Dimon said would hopefully draw the “mini-bank crisis” of the last two months to a close - failed to stop the bleeding at institutions like PacWest Bancorp and Western Alliance.Īs share prices at the regional lenders tumbled, a U.S. But don’t expect bank regulators to act unless they start to see deposits start to crumble. LOS ANGELES - Yes, regional bank stocks are swooning. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. ![]()
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