![]() ![]() ![]() I don't think that money is going to be flowing through the system nearly as easily in the back half of this year and that indirectly is going to cool down the economy, which is ultimately going to do the Fed's job by bringing inflation down," said Apton. Regional lenders are going to have to constrain capital. "I think it's going to take care of the Fed's job. Keith Apton, managing director at UBS Wealth Management, said that the volatility in the banking sector will help the Fed's mission of cooling down the economy. Investors also digested the Federal Reserve's 25 basis point rate hike and commentary following its Wednesday meeting. Meanwhile, Zions Bancorporation lost 12%. ![]() Western Alliance tumbled 38% and saw trading halted multiple times due to volatility. Regional bank shares sold off hard, with the SPDR S&P Regional Bank ETF (KRE) dropping more than 5%. The decline came after news late Wednesday that the California bank has been assessing strategic options, including a possible sale, a person familiar told CNBC. Shares of PacWest tanked by more than 50%. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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