WAL - Western Alliance Has Better Risk Management Practices Than Its Competitors
Western Alliance Bancorporation (WAL) is a commercial bank headquartered in Phoenix, Arizona. Its physical locations are primarily in Nevada, California, and Arizona. Admittedly, the onset of the COVID-19 pandemic is already testing WAL's otherwise prudent risk management policies owing to significant income loss among its clientele. Nonetheless, WAL is well-positioned to survive the crisis owing to prudent risk management practices as shown in subsequent discussions. Moreover, WAL has shown remarkable profit growth in the four years ending 2019, regardless of stagnating fees and a low-interest rate environment. This has been occasioned by improved