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US regional banks rebound after deep sell-off on sector worries
Shares in PacWest Bancorp (PACW.O) jumped 70% amid a broader rebound in U.S. regional banks on Friday after analysts upgraded a number of lenders they said were oversold, while some investors said the surge may be short-lived. Investor worries about the health of mid-sized lenders deepened in recent days following the collapse of First Republic Bank and…