Thursday, May 4, 2023

Bank Panic Grows

"Shares of PacWest Bancorp plunged about an hour after the Federal Reserve chairman
finished his press conference yesterday. Soon afterward, shares of many
U.S. regional banks were indicated down steeply in after-hours trading. .....Western Alliance WAL.N is exploring strategic options including a potential sale of all or part of its business....PacWest Bancorp PACW.Oalso said it was in talks with potential partners and investors about strategic options......." Breitbart

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