WAL News and Press, Western Alliance Bancorporation From 09/13/23

2023-09-13 12:00:00 ET Summary Fallen angels underperformed the broader high yield market in August and year-to-date. High yield corporates experienced outflows, while Treasury products saw inflows in August. Several potential scenarios could reignite price performance for fal...

Western Alliance Bank today announced that Julian Parra has been appointed as the organization’s Head of Commercial and Industrial Banking for California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230829807998/en/ ...

Western Alliance Bank today announced that Todd Sondrini has been appointed as the organization’s Head of Treasury Management, a new position that also encompasses product strategy/product operations. This press release features multimedia. View the full release here: https://www.b...

2023-08-23 11:15:02 ET Summary On Tuesday, S&P Global downgraded the credit ratings on 5 U.S. regional banks. The ratings agency also lowered its outlook for several others on concerns regarding the lending environment. The action echoes a similar move by Moody’s ea...

2023-08-22 12:00:39 ET More on U.S. Banks A Rising Interest Rate Freight Train Is Coming For The Economy KBE: Rising Interest Rates May Lead To Resumption Of Downside KRE: The Fed Wants Large Banks To Consume Smaller Ones KeyCorp: Is The Juicy 7% Dividend Saf...

2023-08-16 05:11:35 ET Summary Michael Burry closed out most of his Q1 positions in the second quarter, reducing positions in Signet Jewelers, Liberty Latin America, and New York Community Bancorp. Burry more than doubled his position in The RealReal Inc. and added shares of The G...

2023-08-14 13:48:45 ET Scion Asset Management, the hedge fund founded by "Big Short" investor Michael Burry, shorted the stock market and sold most of its stakes in bank stocks during the second quarter, according to its 13F filing dated Monday. The firm bought roughly $890M worth of ...

2023-08-07 11:05:42 ET Western Alliance Bancorporation (NYSE: WAL) ran hot in July, as the stock price rose 42% in the month, according to S&P Global Market Intelligence . Western Alliance is still down about 11.8% as of Aug. 7 but has bounced back to almost $53 per share af...

2023-08-02 06:50:00 ET Investing in a bank can be daunting, especially after multiple bank failures this year. However, Western Alliance Bank (NYSE: WAL) stands out as a safe and reliable option for investors. With its strong financial position and commitment to responsibl...

2023-07-26 15:44:59 ET Billionaire investor Bill Gross said Wednesday he will cut back most of his regional bank stock holdings some three months after buying them in the wake of March's banking turmoil. Taking to Twitter, the bond king, as he is known, said the regional bank invest...