Reuters
- "There's still some pain to come" for regional bank shares, Morgan Stanley's Daniel Skelly told Bloomberg on Monday.
- That's because the lenders face profitability issues, regulatory changes and risks tied to their commercial-property exposure, he said.
- US regional bank stocks have tumbled following the collapses of Silicon Valley Bank and Signature Bank in March.
The crash in US regional bank stocks isn't over yet as the sector faces potential regulatory changes and risks stemming from the stress in the commercial-property market, according to Morgan Stanley's head of wealth management.