Goldman Trading Desk Warns Bank Selling Is Spreading And Could Get Far Worse

Remember yesterday morning, before the open, when Jamie Dimon told the world not to worry because "the system is very, very sound" adding that the FRC deal "will help stabilize the system" and various talking heads proclaimed that FRC was just another outlier bank, nothing systemic and "this is getting near the end of it" on bank failures...

Well, that was before US banks (large and small) went into freefall this morning with traders playing whack-a-mole with various regional banks, most notably PacWest, Western Alliance, and Zions stocks crashing (and one can only imagine the level of deposit outflows occurring at the speed of finger-tap on a screen)...