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US regional banks smoked again. PacWest in focus
Shares of PacWest Bancorp are down 46% today after a report late yesterday that the company was considering strategic alternatives. The company responded with a press release that highlighted a sale process of its Lender Finance business that was already announced and said that it had been approached 'by several potential partners and investors' in accordance with normal practices. It would be a real tragedy if there was no firesale ongoing but that this report just started one. Or it could even...
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Posted: May 4 2023, 13:46
Author Name: forexlive
Views: 110781