Quick Take
- Several regional banks were paused due to volatility on May 2 after dropping more than 25%.
- KBW Nasdaq Regional Banking Index is down a further 4% today; it is down -26% for the year
- PacWest $PACW: -29% and halted
- Metropolitan Bank $MCB: -27% and halted
- Western Alliance $WAL: -25% and halted
- HomeStreet $HMST: -16%
- Zions $ZION: -11%
- First Foundation $FFWM: -10%
- Comerica $CMA: -9%
- Keycorp $KEY: -8%
- Bitcoin is up 2% today
The post Regional banks extend losses and some paused due to volatility; Bitcoin up 2% appeared first on CryptoSlate.
