The Perfect Storm For Regional Banks

Regional banks are experiencing the perfect storm: bank asset values have fallen, liabilities have remained unaltered, and depositors are pulling out, notes Octavio Marenzi. He and David Chiaverini break down regional bank volatility. Octavio talks about how fundamental regional bank problems have not been resolved and larger regional banks continue to be under serious pressure. They then go over regional bank volatility. They mention that Wedbush downgraded SoFi Technologies (SOFI) to underperform from neutral. Tune in to find out more about the stock market today.