Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Thursday February 1st and I'm your host Kim Khan. Our top story so far.

Pressure on regional banks continues today on worries sparked about the need for increased

loan loss provisions and commercial property losses.

The Spider S&P Regional Banking E.F.

symbol KRE and the InvestCO KBW Regional Banking E.F.

symbol K BWR fell more than 5% in the previous session after the shock of

New York Community Bancorp's forecast for a surprise loss.

And both are down more than 5% again today. The tension about bank stability rose

overnight as Japan's Aizora also forecast a surprise loss due to increased loan

loss provisions. Aizora took its yearly net income forecast down to an expected loss

due to increased provisions for U.S. commercial property. The bank also

suspended its dividend. It hasn't had a loss since 2009.

Aozora stock fell more than 20% in Tokyo.

NYCB, which fell more than 40% on Wednesday, is down another 13.5%.

NYPD increased its reserve build to meet liquidity requirements for banks with more than $100 billion in assets,

a threshold at reach when it acquired signature bank amid the turmoil in spring last year.

A major concern is NYCB's loanbook with its exposure to office and rent

control departments.

RBC and Jeffries cut the stock from top to middle ratings.

Jeffries said they expect the path to improve profitability

will take years while credit risk remains an overhang.

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