Some investors see bargains in tentative US regional bank recovery

Some investors are starting to sift for bargains among the regional lenders that were caught up in the market chaos that followed the collapse of Silicon Valley Bank, according to portfolio managers and traders.

KBW’s Regional Banking index has fallen more than a quarter since the start of the year, with the collapse of SVB and smaller peer Signature Bank prompting a reckoning across the financial sector in the US and abroad.