PACW News and Press, PacWest Bancorp From 05/04/23

2023-05-04 11:05:29 ET Shares of PacWest Bancorp (NASDAQ: PACW) , a $44 billion asset lender based in Los Angeles, had plunged by nearly 57% as of 10:49 a.m. ET today after media reports about a potential sale of the bank last night spooked investors. At one point in after-hours tra...

2023-05-04 11:00:09 ET That government-brokered agreement for JPMorgan Chase ( JPM ) to acquire struggling bank First Republic Bank ( OTCPK:FRCB ) hasn't staunched the weakness in regional bank stocks since banking stresses hit the sector in early March. In Thursday midmorning t...

2023-05-04 09:44:12 ET Billionaire activist investor Nelson Peltz warned that more regional banks may fail unless regulators change the the rules for depositors. Peltz, co-founder and CEO of Trian Fund Management, renewed a suggestion for depositors with more than $250K in a U.S. ba...

2023-05-04 09:05:16 ET With the news that PacWest Bancorp ( PACW ) is considering strategic options including a sale, Western Alliance Bancorporation ( NYSE: WAL ) has issued an update on its deposits and financial strength. The Phoenix, Arizona-based bank said it has no...

2023-05-04 08:43:57 ET The futures were pointing to a mild slide at the start of Thursday's trading, continuing the downward pressure that has marked the last few sessions. Investors continued to digest the Federal Reserve's latest interest rate decision. Here are some stocks to watch on Th...

2023-05-04 08:36:26 ET Goldman Sachs ( NYSE: GS ) is under review by various government authorities for its role in Silicon Valley Bank's unsuccessful attempts to raise funds in March, the firm disclosed in a filing . The Wall Street bank said late Wednesday it's cooperating...

2023-05-04 07:20:22 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify PacWest Bancorp ( PACW ) confirms sale talks following stock plunge. Banking conditions have improved; pause decision not yet made : Powell p...

2023-05-04 02:45:00 ET Bank failures in the United States are rising this year. Already, five regional banks – First Republic , Signature, Silicon Valley Bank, and Silvergate – have all failed. At the same, the SPDR Regional Bank ETF (KRE) has plunged to the lowest...

2023-05-04 00:56:01 ET PacWest ( NASDAQ: PACW ) stock price plunge continued this week following the collapse and acquisition of First Republic Bank by JP Morgan. The shares were trading at $6.42, meaning it has plunged by over 78% from the highest point this year. PacWestȁ...

LOS ANGELES, May 03, 2023 (GLOBE NEWSWIRE) -- In light of recent reporting regarding strategic actions, PacWest Bancorp (Nasdaq: PACW) (the “Company”) provides the following update: Our message remains consistent with what was conveyed last week with earnings. As previously an...