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PacWest Stock Drops to a New Low. First Horizon and Canadian Bank Call Off Merger.

Por: MarketWatch Business May 04, 2023

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“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 stock has dropped 65% since the stock market closed last Friday. Shares dropped as Wednesday after Bloomberg News reported the bank was weighing strategic options,... + full article



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