Regional Banks Continue to Tank (Patreon)

Western Alliance Bank (WAL) has hired advisors to explore a sale, according to the Financial Times. The stock price immediately fell by 30% and trading was halted. This news comes just days after PacWest Bank announced that it was also exploring a sale. Both banks are facing increasing competition from larger rivals and are struggling to maintain profitability. The recent sell-off in the stock market has also made it more difficult for banks to raise capital.

The sale of Western Alliance Bank and PacWest Bank would be the latest in a string of consolidations in the banking industry. In recent years, several major banks have been acquired, including Wells Fargo, JPMorgan Chase, and Bank of America. These mergers have created even larger and more powerful banks, which has made it more difficult for smaller banks to compete.

The sale of Western Alliance Bank and PacWest Bank could have a number of implications for the banking industry. First, it could lead to further consolidation, as larger banks look to acquire even more market share. Second, it could lead to higher fees for consumers, as banks have less competition. Third, it could lead to a decline in lending, as banks become more risk-averse.

This was all covered in yesterday's video .

The banking industry in the USA is not what it was 8 weeks ago. Something is afoot.

These are banks that may not make it