PacWest Is Weighing Strategic Options, Including Possible Sale (bloomberg.com)

Bullish. Unprofitable tech is about to hit its stride I think

Just like First Republic did before it was gobbled up by JP Morgan.

To quote Jamie Dimon, "the US banking sector is great". (...for JP Morgan)

I guess we know who was buying all those 10Y notes at sub 1% yields.

All snark aside, it blows my mind that these banks are getting tripped up by the same thing that tripped up the S&Ls almost 40 years ago. How can they be making the exact same mistake?