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CATEGORY: pacwest bancorp

US regional bank shares sink despite Fed calling banking system 'sound'
Author: Cointelegraph By Brayden Lindrea
United States
Source: Cointelegraph.com News
May 04, 2023 08:25

US regional bank shares sink despite Fed calling banking system 'sound'

PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.

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Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 02, 2023 10:30

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit new lows. Banking Industry on Edge as Pacwest Shares Sink [...]

The post Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry appeared first on Crypto Breaking News.

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