Por: MarketWatch 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 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
Fox Business USA 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... + más
PacWest is the latest bank whose future is in question after reports it's weighing a sale sent shares tumbling over 50% | Business Insider
PacWest Stock Drops to a New Low. First Horizon and Canadian Bank Call Off Merger. | MarketWatch
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 Politics 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
Associated Press USA Business May 02, 2023
NEW YORK (AP) — Regulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to... + más
Republic First shares tank, traders confuse bank for plagued First Republic | New York Post
First Republic Bank seized, sold to JPMorgan Chase | ABC News
Los Angeles Times USA Business May 02, 2023
Regulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved on to speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits... + más
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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