But even as the dust settles from a string of government seizures of failed midsized banks, the forces that sparked the regional banking crisis in March are still at play.
What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis.
JPMorgan shares are up 7.6% this year, while the KBW Regional Banking Index is down more than 20%.
Some of those pressures will be visible as regional banks disclose second-quarter results this month.
"The fundamental issue with the regional banking system is the underlying business model is under stress," said incoming Lazard CEO Peter Orszag.
Persons:
Jamie Dimon, Brian Graham, Banks, KeyCorp, Matt O'Connor, Peter Orszag, SVB, Chris Wolfe, Wolfe, you've, You've, Goldman Sachs, Lazard's Orszag, Orszag, Janet Yellen, Sen, Elizabeth Warren, Klaros, Graham
Organizations:
First, JPMorgan, Silicon Valley Bank, CNBC, Klaros, Deutsche Bank, Federal Reserve Bank of New, Justice Department
Locations:
First Republic, Silicon Valley, SVB, KBW, Federal Reserve Bank of New York, Republic