. The firm said that those three banks appeared “substantially mispriced” in part due to short-selling activity. This came after a California lender, PacWest, said it had been assessing strategic options including a possible sale, sparking wider fears about the health of the US’s regional bank sector.
Both reports are expected to give insights into the direction of the economy, where inflation remains sticky. US inflation data is likely to further affirm that cuts in the next few months would be premature,” said Citadel Global director Bianca Botes.Investors will also keep a close eye on the US Federal Reserve survey that should indicate broad-based tightening of lending by banks amid the US banking trouble,” added Botes.
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