PacWest's Shares Plummet as It Considers Possible Sale
Headline from Investopedia, on the newest of 3 developments
A report indicating PacWest Bancorp has begun considering options including a possible sale, slashed more than half of the bank's market value in extended hours trading Wednesday.
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Developments in this update
3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
PacWest, Other Regional Bank Shares Unable To Shake Off Banking Crisis Jitters
Headline from Investopedia ·
PacWest shares crumble as Wall Street shuns midsize banks
Headline from CBS News ·
Newest
PacWest's Shares Plummet as It Considers Possible Sale
Shares of PacWest and other regional banks slid double-digits in intra-day trading Tuesday over concerns that the turmoil in regional banking is far from over.
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of U.S. regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday as the demise of
Recent bank failures and coming regulatory changes in response to them have raised questions about the long-term profit outlooks for midsize regional banks.
PacWest and Western Alliance each saw their shares drop Tuesday, a sign that fears about the health of regional banks are still running high after [First Republic was seized and sold to JPMorgan](https://www.wsj.com/articles/first-republic-bank-is-seized-sold-to-jpmorgan-in-second-largest-u-s-bank-f
PacWest Bancorp and Western Alliance Bancorp each slumped more than 25% Tuesday, leading a renewed selloff in regional lenders as investors continued to gauge the health of the industry after the second-largest US bank failure ever.
PacWest’s valuation was cut in half in a matter of minutes in after-hours trading Wednesday after a Bloomberg report suggested it could be the next regional bank to fail.
A report indicating PacWest Bancorp has begun considering options including a possible sale, slashed more than half of the bank's market value in extended hours trading Wednesday.
PacWest Bancorp is the latest regional bank in financial distress as its stock fell in premarket trading Thursday after saying it was exploring strategic asset sales.
Regional bank stocks plummeted on Thursday morning after Los Angeles-based lender Pac West confirmed that it was exploring all options, including a sale.
Shares of PacWest Bancorp were in free fall Thursday after the bank's attempt to reassure investors fell flat amid another pummeling of US regional bank
PacWest’s valuation was cut in half in a matter of minutes in after-hours trading Wednesday after a Bloomberg report suggested it could be the next regional bank to fail.
Shares of PacWest Bancorp dove Wednesday after Bloomberg reported that the regional bank was considering strategic options, including a sale. The stock was recently down more than 5
PacWest Bancorp, a midsize lender that has been under pressure after three of its larger peers failed this year, issued a statement overnight, after its share price suddenly dropped.
Shares of PacWest Bancorp, First Horizon and Western Alliance, down 46%, 34% and 30%, led a broader intra-day trading rout in the stocks of U.S. regional and mid-sized banks.
Another regional bank, PacWest Bancorp, is mulling a sale or other moves, according to Bloomberg. Raising capital and breaking up its businesses are other options.
