Western Alliance taking ‘extra steps’ to ensure liquidity
Western Alliance Bancorp WAL said Monday it has taken extra steps to ensure liquidity following last week’s failure of SVB Financial’s SIVB Silicon Valley Bank. “Western Alliance has taken additional steps to strengthen its liquidity position to ensure that we are in a position to meet all of our client funding needs, including increasing our borrowing capacity,” said Western Alliance Chief Executive Kenneth Vecchione in a filing with the Securities and Exchange Commission Monday.
Western Alliance Bancorp WAL said Monday it has taken extra steps to ensure liquidity following last week’s failure of SVB Financial’s SIVB Silicon Valley Bank. “Western Alliance has taken additional steps to strengthen its liquidity position to ensure that we are in a position to meet all of our client funding needs, including increasing our borrowing capacity,” said Western Alliance Chief Executive Kenneth Vecchione in a filing with the Securities and Exchange Commission Monday.
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