From CNBC: 2024-04-16 21:18:52

Former FDIC chair, Sheila Bair, warns of weaknesses in regional bank earnings due to heavy reliance on industry deposits and commercial real estate exposure. Despite a tough year for regional banks, only four members of the SPDR S&P Regional Bank ETF (KRE) are positive for 2024. Bair is concerned about higher Treasury yields impacting commercial real estate borrowers. Regional bank issues could benefit larger institutions.

Read more: Regional bank failures may be ahead, Former FDIC head Bair warns