E-mini futures tick lower after BBG headlines note that TD Securities and First Horizon have terminated their $13bn merger pact, applying fresh weight to the SPDR S&P Regional Banking ETF (KRE) in pre-market pricing (last indicated 4.2% lower).

  • It has been a bit of a topsy turvy round of indicative pricing for regional banks since the NY close. Fresh worries re: the future of PacWest became evident at yesterday’s NY bell, with a BBG report noting that the company was weighing its strategic options. The bank followed this up with confirmation that it is in talks with potential buyers. This was accompanied by assurance attempts from PacWest and regional banking peer Western Alliance re: deposit flows.

EQUITIES: Fresh Regional Banking Worry Applies Light Pressure To E-minis, KRW Lower Pre-Market

Last updated at:May-04 10:22By: Anthony Barton

E-mini futures tick lower after BBG headlines note that TD Securities and First Horizon have terminated their $13bn merger pact, applying fresh weight to the SPDR S&P Regional Banking ETF (KRE) in pre-market pricing (last indicated 4.2% lower).

  • It has been a bit of a topsy turvy round of indicative pricing for regional banks since the NY close. Fresh worries re: the future of PacWest became evident at yesterday’s NY bell, with a BBG report noting that the company was weighing its strategic options. The bank followed this up with confirmation that it is in talks with potential buyers. This was accompanied by assurance attempts from PacWest and regional banking peer Western Alliance re: deposit flows.

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