WAL News and Press, Western Alliance Bancorporation From 05/04/23

2023-05-04 12:49:45 ET Summary Toronto-Dominion and First Horizon announced the termination of TD's agreement to buy First Horizon due to TD's inability to secure the needed regulatory approvals in a timely fashion. First Horizon has been in "maintenance mode" since the deal annou...

2023-05-04 12:20:00 ET Summary The bank panic went into phase 2, experienced a reboot this week. Tuesday's massive sell-off in the community banking market creates March-like investment opportunities. The bank submitted an important update to calm investors Tuesday May 3. ...

2023-05-04 12:03:32 ET Gainers: Lemonade ( LMND ) +25% on Q1 results . MDJM ( MDJH ) +18% . Root ( ROOT ) +12% on earnings . World Acceptance ( WRLD ) +11% on results . Reliance Global Group ( RELI ) +11% . ...

2023-05-04 12:02:57 ET Shares of PacWest (NASDAQ: PACW) fell more than 60% on Thursday morning as the stock market opened lower amid fresh sell-off for regional banks. The PAWC stock had been halted following massive volatility and traded to lows of $11.35 as uncertainty in the US ...

Western Alliance Bancorporation (“Western Alliance” or the “Bank”) (NYSE: WAL), the holding company for Western Alliance Bank, today issued the following statement in response to an article published by the Financial Times. The Financial Times’ report today ...

2023-05-04 11:17:56 ET The rout on regional banks continued on Thursday morning with shares of PacWest Bancorp ( PACW ), Western Alliance Bancorp ( WAL ), and First Horizon Corporation ( FHN ) down roughly 5 0% , 40 % , and 35% respectfully. As a result, they...

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 10:26:58 ET Western Alliance Bancorp ( NYSE: WAL ) plummeted 45% amid a report that the bank is exploring options, including a potential sale. The bank has hired advisers to explore its options, according to a Financial Times report, which cited people famil...

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...