Banking what's next?

Dealbook by Andrew Ross Sorkin, NYT column sorry no link


What’s next? Banks have already been building up liquidity — the Fed disclosed yesterday that it had lent $153 billion to banks through its discount window in the week ended Wednesday — but the likely prospect that credit ratings agencies will downgrade regional lenders’ debt will create more pressure to find additional capital.

One embattled regional bank, PacWest, is reportedly in talks with investment firms to do just that, according to Reuters.