⚠️BREAKING: *PACWEST, WESTERN ALLIANCE PLUNGE IN PREMARKET TRADING AMID REGIONAL BANK TURMOIL $PACW $WAL
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PacWest Bancorp, Western Alliance post steep losses after First Republic dealRegional bank stocks are moving deeply into the red on Tuesday, the day after JPMorgan Chase & Co. said it’s acquiring First Republic Bank as a way to shore...
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PacWest, Western Alliance shares tumble as US regional bank fears persistShares of U.S. regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday as the demise of First Republic Bank triggered investor concerns about the financial health of other mid-sized lenders.
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PacWest, Western Alliance sell off after Jamie Dimon said crisis endedPacWest, Western Alliance lead regional bank sell-off of more than 20% a day after Jamie Dimon said the crisis had ended
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Bank stocks continue to fall following First Republic demiseRegulators 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 uninsured deposits and commercial banks like Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank. Shares of Western Alliance were down 17% in afternoon trading and PacWest dropped 25%, with trading of both stocks halted briefly due to high volatility. The ongoing concern among investors and regulators is that banks such as PacWest have large amounts of uninsured deposits _ those above $250,000.
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PacWest falls 30% as regional banks stocks slide to new lowsRegional bank stocks saw their losses for the week deepen as investors digest the failure of First Republic.
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Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & moreThese are the stocks posting the largest moves in midday trading.
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