The ink is barely dry on JPMorgan's agreement with regulators and it seems more regional banks are feeling the pain. PacWest and Western Alliance both saw their shares slide considerably on Tuesday, Insider's Morgan Chittum reports.
It's not just investors that are skittish. Customers of regional banks are starting to ask questions about how safe their local lender is, the Financial Times reports.
And to be honest, I get it. While I might not agree with the sentiment, I understand why anyone banking with a regional player might start second-guessing that choice.
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Which begs the question: Will this crisis ever officially end?
First Republic's failure and acquisition by JPMorgan could lead more American's to reconsider their banking relationship and move money to a bigger bank. That, in turn, will lead to another bank failing, which means even more American's will reconsider their banking relationship and move money to a bigger bank.
2. Fintech Finix wants to play with big dogs. The startup became a payments processor as it looks to compete with industry giants like FIS and Fiserv that dominate the space. Read more on CEO Richie Serna's strategy.
5. Betting big on media, entertainment, and gaming. Alignment Growth just raised $360 million with plans to invest in everything from live experiences to a video game developer. More on why it's so bullish on the space.
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6. These are all the CEOs saying AI is going to wipe out jobs at their companies. From IBM to Amazon, leaders at some of the biggest companies have hinted at the impact AI will have on their workforce. Here's what they've said so far on the topic.
7. Here's what could happen if the US defaults on its debt. There's been lots of talk about the US reaching its debt ceiling. So what does it all mean? If you're a masochist, here's the worst-case scenario.
10. About the Hollywood writers' strike. Writers Guild of America members are officially on strike. If you're wondering what that means for your favorite shows and movies, here's a rundown.
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