"Michael Burry's Bold Exit: Abandoning 6 Banks Amidst Regional Bank Crisis"

Michael Burry, the investor famous for shorting subprime mortgages before the 2008 financial crisis, has exited stakes in six banks, including Western Alliance, Huntington Bank, PacWest, and First Republic, after betting big on regional banks during a period of crisis. Burry's hedge fund, Scion Asset Management, also closed out positions in Capital One and Wells Fargo, while trimming holdings in New York Community Bancorp. Other notable investors, such as Bridgewater Associates and Renaissance Technologies, also adjusted their banking exposure in the second quarter.