US banking crisis not over – analyst ...News

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US banking crisis not over – analyst
JPMorgan acquires the embattled regional lender First Republic to avoid another failure The frailties of the US financial sector may be much more profound than bankers and policymakers suggest, an analyst told CNBC on Tuesday. The warning follows a wave of turmoil in regional US banks. David Pierce, director of strategic initiatives at Utah-based GPS Capital Markets, raised questions over the way US financial regulators are tackling problems faced by First Republic, the latest US lender hit by deposit runs. “If you listen to the political side of this, you would have them tell you that it really is a non-issue bec

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