Shares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp...
Shares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp PACW dropped 12% in premarket trading, while shares of Metropolitan Bank Holding Corp. MCB dropped 8%, Citizens Financial Group Inc. CFG fell 9% and Western Alliance Bancorp. WAL stock fell 7%. Weakness for those lenders comes two days after JPMorgan Chase & Co. JPM announced plans to acquire troubled First Republic Bank.
... Shares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp PACW dropped 12% in premarket trading, while shares of Metropolitan Bank Holding Corp. MCB dropped 8%, Citizens Financial Group Inc. CFG fell 9% and Western Alliance Bancorp. WAL stock fell 7%. Weakness for those lenders comes two days after JPMorgan Chase & Co. JPM announced plans to acquire troubled First Republic Bank.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PacWest, Western Alliance shares tumble as US regional bank fears persistShares of U.S. regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday as the demise of First Republic Bank triggered investor concerns about the financial health of other mid-sized lenders.
Read more »
Bank stocks tumble as First Republic deal fails to stem contagion fearsShares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
Read more »
Capital Fringe Festival Returns To Georgetown This Year With More Than 40 (!) ShowsCapital Fringe Festival, one of the D.C. region’s quirkiest annual performing arts festivals is returning this July for its 16th run, boasting affordable ticket prices and dozens of original plays from fresh names and veterans of the local theater scene.
Read more »
Pac-12 mailbag: Mystery expansion candidate, market misread, unequal revenue shares, survival odds, moreJon Wilner's Pac-12 Hotline mailbag: A look at if New Mexico is a possibility for Pac-12 expansion, and whether USC and UCLA's non-revenue programs might return to the conference.
Read more »
Bank stocks continue to fall following First Republic demiseRegulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits and commercial banks like Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank. Shares of Western Alliance were down 17% in afternoon trading and PacWest dropped 25%, with trading of both stocks halted briefly due to high volatility. The ongoing concern among investors and regulators is that banks such as PacWest have large amounts of uninsured deposits _ those above $250,000.
Read more »
PacWest Bancorp, Western Alliance post steep losses after First Republic dealRegional bank stocks are moving deeply into the red on Tuesday, the day after JPMorgan Chase & Co. said it’s acquiring First Republic Bank as a way to shore...
Read more »