Cart

0

Banking, Stocks

“PacWest stock plunges 23% after losing 9.5% of deposits last week”

“Regional bank stocks fell again Thursday after troubled California lender PacWest (PACW) disclosed it lost 9.5% of deposits last week on a wave of new pessimism surrounding the industry.

The Beverly Hills, Calif.-based institution first came under investor scrutiny following the March 10 failure of Silicon Valley Bank. PacWest stock took another dive last week following reports that it had been weighing a sale or capital raise…”

https://finance.yahoo.com/news/pacwest-stock-plunges-23-after-losing-95-of-deposits-last-week-200212194.html

Leave a Reply