Western Alliance Bancorp's Financial Update Fails to Impress Investors and Analysts.
Western Alliance Bancorp's shares fell by as much as 12% after the regional bank updated its financial disclosures without providing details on its deposit balance. Investors have been focused on the metric after a run on deposits contributed to the collapse of three lenders last month. The lack of information on deposit balance is likely to "frustrate investors," according to an analyst at Jefferies Financial Group.