Regional bank stocks looked set to rebound early Thursday as the market digested remarks made by Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.
Citigroup
(ticker: C) CEO Jane Fraser added her vote of confidence into the mix, as she said the banking system is “pretty sound,” at the Economic Club of Washington Wednesday. “This is not a credit crisis. This is a situation where a few banks have some problems and it’s better to make sure we nip that in the bud,” she said, according to several reports.
Source: https://www.barrons.com/articles/first-republic-pacwest-bancorp-stock-fed-f90dad14?siteid=yhoof2&yptr=yahoo