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Is PacWest Bank on the brink of collapse? Experts weigh in after shares plummet 50%

Por: ABC News Business May 04, 2023

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Shares of PacWest Bancorp plunged more than 50% in early trading on Thursday, marking the latest spasm of after three of the nation's 30-largest banks within a matter of weeks.In all, PacWest stock has fallen more than 85% this year, erasing hundreds of millions of dollars in value.The Los Angeles-based midsized lender is exploring all options as it weighs offers from potential investors as well as the sale of a $2.7 billion loan portfolio,... + full article



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