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PacWest stock plummets more than 50% after report of potential sale; other bank stocks fall too

Por: MarketWatch Politics May 04, 2023

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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 raise fresh capital. Bloomberg also said that any buyer could risk a hefty loss due to loan markdowns. The company, which is based in Los Angeles and owns Pacific Western... + full article



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