US Regional Bank Stocks Plunge Amid PacWest's Consideration of "All Options".

1 min read
Source: Barron's
US Regional Bank Stocks Plunge Amid PacWest's Consideration of "All Options".
Photo: Barron's
TL;DR Summary

PacWest Bancorp's stock plunged nearly 42% to a new low triggering another day of selling in regional bank shares. The bank said it was in discussions with partners and investors and that the talks were ongoing. Shares of other regional lenders were also lower Thursday. Activist investor Bill Ackman called for a systemwide deposit guarantee regime to be implemented, adding “we are running out of time to fix this problem.”

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

90%

71170 words

Want the full story? Read the original article

Read on Barron's