WAL News and Press, Western Alliance Bancorporation From 03/13/23

2023-03-13 18:59:05 ET Summary In flashbacks to 2008, we have seen major banks collapse and be taken over. Bank stocks are being crushed. The FDIC only insures deposits up to $250,000, and that realization has led to a run on the banks as depositors seek to get money out. ...

2023-03-13 16:18:15 ET Western Alliance Bank ( NYSE: WAL ) President and CEO Kenneth Vecchione said Monday it has taken addition steps to strengthen the bank's liquidity "to ensure that we are in a position to meet all of our client funding needs, including increasing our ...

2023-03-13 15:58:19 ET Citigroup ( NYSE: C ) stock sank 7.0% in late Monday trading in the first full trading day after the Federal Deposit Insurance Corp. (FDIC) took over Silicon Valley Bank, in the U.S.'s second-biggest bank failure ever and the biggest since Washington M...

2023-03-13 15:15:50 ET Summary The Fed and FDIC took substantial measures Sunday to stabilize the banking system. These have not quelled the panic; regional bank shares continue to tumble Monday. Here's what happened, what to watch now, and a few places where I see opportunity...

Western Alliance Bank (NYSE: WAL), in light of recent industry events, filed an updated Form 8-K this morning. Please see the 8-K here , which includes the following statement from Western Alliance Bank President and CEO Kenneth Vecchione: “Since the statement we released last week...

2023-03-13 12:54:16 ET Gainers: Provention ( PRVB ) +258% . Euda Health ( EUDA ) +41% . Calliditas ( CALT ) +31% . Cipher Mining ( CIFR ) +29% . Caleminder ( CMND ) +26% . Bakkt ( BKKT ) +26% . Hut 8 Mining ( HU...

2023-03-13 11:51:02 ET Stocks see-sawed during Monday's intraday session as investors weighed a proposal to backup all of the depositors in the defunct Silicon Valley Bank. Looking at the specific stocks that were making significant moves during the session, ZIM Integrated Ship...

2023-03-13 10:51:19 ET To say that regional banks are having a rough start to the week would be an understatement. At 10 a.m. ET, shares of First Republic Bank (NYSE: FRC) were down by about 68% for the day -- and that's on top of last week's 33% decline. Other regional institut...

2023-03-13 08:57:19 ET First Republic FRC -64% amid woes regarding SVB, Signature collapse . Western Alliance WAL -54% amid woes regarding SVB, Signature collapse . PacWest PACW -40% amid woes regarding SVB, Signature collapse . Euda Health ( EUDA...

2023-03-13 07:44:49 ET Summary Western Alliance has seen rapid growth over the past couple of years. The bank sees deposit rates creeping up and had to make a shift to more borrowing by the bank itself to ensure funding. Lower deposits, lower equity and concerns on the asset b...