PacWest Is Weighing Strategic Options, Including Possible Sale

I guess we know who was buying all those 10Y notes at sub 1% yields.

All snark aside, it blows my mind that these banks are getting tripped up by the same thing that tripped up the S&Ls almost 40 years ago. How can they be making the exact same mistake?

Just like First Republic did before it was gobbled up by JP Morgan.

To quote Jamie Dimon, "the US banking sector is great". (...for JP Morgan)

Bullish. Unprofitable tech is about to hit its stride I think