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Will PacWest Become the Next Failed American Bank?

Will PacWest Become the Next Failed American Bank?
Troubles in the American banking industry continue as the shares of PacWest Bancorp (NASDAQ: PACW) went down by 23 percent on Thursday after the regional bank disclosed a massive deposit outflow. Troubles at PacWest The California-based lender disclosed in a Thursday filing with the Securities and Exchange Commission (SEC) that it lost 9.5 percent of its deposits last week. The filing highlighted that the ongoing news headlines around PacWest fueled the outflow from the bank. "On the afternoon o... Read More
Posted: May 12 2023, 07:02
Author Name: financemagnates
Views: 110629

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