‘We are running out of time to fix this problem’ — Bill Ackman’s latest warning on regional banks

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That was hedge fund billionaire Bill Ackman back with his two cents on the regional banking system following the collapse of First Republic Bank and subsequent takeover by JPMorgan & Chase Co JPM earlier in the week. On Wednesday night, fellow regional lender PacWest Bancorp’s shares PACW plummeted after a report it was considering strategic options.

The Pershing Square Capital Management CEO said in a long tweet early Thursday that First Republic Bank would not have failed if the Federal Deposit Insurance Corporation temporarily…



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