Bank Fears Persist as PacWest Stock Declines
TL;DR Summary
PacWest Bancorp's stock fell 23% after the bank reported a 9.5% drop in deposits during the week ended May 5, mostly due to news reports that the bank was exploring a range of options, including a sale. This indicates that the siege of U.S. regional banks might not end until policy makers act decisively to break it.
PacWest Stock Decline Indicates Bank Fears Persist The Wall Street JournalView Full Coverage on Google News
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