Another slide in regional-bank stocks and data showing tightening lending conditions left major stock indexes little changed on Monday.
Shares of several smaller lenders spiked early Monday, lifted by a dividend cut from PacWest Bancorp that boosted investors’ confidence in its survival odds. While PacWest added around 3.7% for the day, the broader gains unwound as a volatile session wore on, leaving the KBW Nasdaq Regional Banking Index down 2.8%.
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