Por: Fox Business Business May 04, 2023
Odeon Capital Group Financial Strategist Dick Bove argues more regional banks will fall, and the federal government doesn't have the money to stop it from happening on 'The Big Money Show.' is reportedly considering a sale or other moves. Bloomberg reported Wednesday that PacWest Bancorp is mulling those options. The California-headquartered bank has not seen an official process for an auction kickoff so far, according to the... + full article
Los Angeles Times USA Business May 04, 2023
PacWest Bancorp, a regional bank teetering after the collapse of three rival lenders, has been weighing a range of strategic options, including a sale, according to people familiar with the matter. The Beverly Hills bank has been working with a financial advisor and has also... + más
Another bank failure? PacWest reportedly seeks buyers after stock drop | Fox Business
PacWest shares crumble as Wall Street shuns midsize banks | CBS News
CBS News USA Business May 04, 2023
In what is by now a familiar pattern, the fate of another regional lender hangs in the balance as investors bail from the sector following the sudden collapse of three prominent banks in a matter of weeks. Shares of PacWest Bancorp crumbled after the close of trading on... + más
PacWest shares plummet after bank says it lost 9% of deposits last week | ABC News
PacWest shares plummet after bank says it lost 9% of deposits last week | ABC7
MarketWatch USA Business May 04, 2023
that PacWest’s leaders were considering strategic alternatives of their own, which could include a sale. The report, based on anonymous sources, also said that the bank has not found much interest in an acquisition of the entire company, and could look to break it apart or... + más
PacWest stock plummets more than 50% after report of potential sale; other bank stocks fall too | MarketWatch
Business Insider USA Business May 04, 2023
Jump to 0 An icon in the shape of a person's head and shoulders. It often indicates a user profile. An icon in the shape of a person's head and shoulders. It often indicates a user profile. All Featured About Follow Subscriptions US Markets Loading... H M S In the news... + más
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PacWest Stock Drops to a New Low. First Horizon and Canadian Bank Call Off Merger. | MarketWatch
“Core customer deposits have increased since March 31, 2023, with total deposits totaling $28 billion as of May 2, 2023, with insured deposits totaling 75% vs. 71% at quarter end and 73% as of April 24, 2023,” the Beverly Hills, Calif-based bank said in a statement. PacWest... + más
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MarketWatch USA Politics May 04, 2023
MarketWatch USA Business March 22, 2023
PacWest said that as of March 20, FDIC-insured deposits exceeded 65% of total deposits. Community bank deposits stood at $15.1 billion, down 10.6% from the end of 2022. It also said that overall deposits, including those from venture capital, had dropped about 20%. Still,... + más
PacWest bank secures $1.4-billion lifeline after drain on deposits | Los Angeles Times
PacWest shares sink despite liquidity lift | Fox Business
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