Jim Young/Reuters
- "Bond King" Bill Gross loaded up on regional bank stocks even as small US lenders navigated the recent turmoil.
- The billionaire investor scooped up shares of Western Alliance and PacWest Bancorp, he said in an investment outlook.
- "I've always told myself and close friends that I wish I could start a bank," Gross reasoned for his purchase.
"Bond King" Bill Gross snapped up shares of regional US lenders even as they came under intense pressure following the collapse of Silicon Valley Bank (SVB) last month.
The billionaire investor scooped up stocks including Western Alliance, PacWest Bancorp, Synovus Financial as well as SPDR S&P Regional Banking ETF, he said in an investment outlook Friday.