Regional bank stocks continue plunge amid U.S. banking crisis fears

The Yahoo Finance Live team discusses a decline in regional bank stocks amid continuing fears in the banking sector.

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SEANA SMITH: The regional banks certainly hit hard, headlined by massive selloffs that we saw in PacWest and also Western Alliance. The news out of PacWest that the company is exploring strategic options. We're looking at a loss of just about 51% over the last two days, 50% today alone. Western Alliance off nearly 40% today.

And Akiko, there certainly are a lot of investor jitters there, just in terms of what could potentially happen with some of these bank plays within the smaller and midsize banks here. Tim Coffee, though, of Janney Montgomery telling us last hour that the fundamentals of the business, they're strong. When you take a look at deposit flows, the deposit numbers, they have certainly stabilized over the last six weeks.

AKIKO FUJITA: Yeah, I was going to point to that. We saw that PacWest coming out with those numbers, again reiterating what we had heard on their earnings as well, saying deposits have stabilized at $28 billion. When you look at insured deposits, it makes up 75% of their deposits.

So they've made the case here, look, we are not SVB, we are not First Republic. This is a stable environment . And yet to your point, jittery really is the word, at least within the markets. We saw Western Alliance having to come out today after their shares were halted saying, we're not exploring a sale. So that's kind of the environment we're operating in right now.