Calm for now: US regional banks make small gains ahead of Fed rate decision

Regional banks in the US notched small gains on Wednesday as the sector seemed to calm down following yesterday’s sell-off. Pacwest was trading 3.3 per cent higher while Western Alliance was up 2.1 per cent. The KBW Regional Bank index was up 1.2 per cent.  Larger lenders were more mixed. JP Morgan was down 1.1 [...]