Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesThe rout in regional banks picked up steam again on Thursday morning, with several stocks suffering sizeable losses.PacWest sank 54% was halted for volatility multiple times. The slide began on Wednesday evening following news that the Los Angeles-based bank was exploring strategic options, including a potential sale.Stock Chart IconStock chart icon Shares of PacWest were poised to open sharply lower on Thursday.related investing newsThe bank said in a statement that it “will continue to evaluate all options to maximize shareholder value.” PacWest’s strategic review was first reported by Bloomberg News and later confirmed by CNBC.Meanwhile, Tennessee-based First Horizon also fell 36% after the regional lender and TD Bank announced that they were terminating their merger agreement. The banks said in a press release that the move was due to uncertainty around when TD would receive regulatory approval for the deal and was not related to First Horizon.Stock Chart IconStock chart icon Shares of First Horizon were under pressure after the lenders’ merger with TD Bank was called off.Other notable declines included a drop of more than 38% for Western Alliance and about 13% for Zions Bancorp. The SPDR S&P Regional Banking ETF (KRE) was down 6.2%.Western Alliance’s slide came despite an update from the company …
