The stock market is growing more sanguine about US regional banks, but the lenders still face serious pressure. A credit “contraction is invariably coming,” Soros Fund Management Chief Executive Officer Dawn Fitzpatrick said at this week’s Bloomberg Invest conference, adding that additional banks will fail because “there are more problems under the surface.” One further source of trouble for the industry will be commercial real estate, an area that in recent years smaller and regional banks have become a bigger force in. Working from home has cut into office values and almost $1.5 trillion of commercial property debt ... (full story)