Update: Regional Bank Stocks Are Crashing After Hours – PacWest Down 56%%, Western Alliance Down 30%, Metropolitan Down 20%

Federal Reserve Chair Jerome Powell said Wednesday that the period of bank failures that have rattled markets and the economy has come to an end.

Hours later several regional bank stocks were crashing.

PacWest is down 56%
Western Alliance Bank is down 30%
Metropolitan Bank is down 20%

The banking crisis is far from over.

PacWest is crashing.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016.

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Thanks for sharing!