PacWest Bank, which never fully recovered from its hammering during this year’s banking crisis, will be absorbed by a smaller lender, Banc of California, the banks announced on Tuesday.The development […]
PacWest Bancorp
Trending topics and news from the PacWest Bancorp category
Back to news homeSmaller Banks Are Scrambling as Share Prices Plunge
A cluster of regional banks scrambled on Thursday to convince the public of their financial soundness, even as their stock prices plunged and investors took bets on which might be […]
PacWest Says It’s Exploring Options After Shares Plunge
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, saying […]
After Days of Panic, Midsize Banks See Stocks Rise
For the first day since Silicon Valley Bank’s unwinding, there were no widespread reports of customers being denied the chance to withdraw money from ATMs and bank branches. It appeared […]