PacWest and Western Alliance, the banks at the center of the latest phase of the crisis, recouped a chunk of earlier losses, as robust economic data also heartened investors.
Tag: PacWest Bancorp
-
New Phase of Banking Crisis Pits Fear Against Fundamentals
Investors are not convinced that regional banks including PacWest and Western Alliance can remain viable. Some are actively betting on their demise.
-
PacWest Says It’s Exploring Options After Shares Plunge
An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.
-
Banks Are Borrowing More From the Fed: What to Know
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.