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Cryptopolitan
2023-05-04 14:37:14

U.S. banking concerns worsen as PacWest confirms sale

U.S. banking concerns worsen as PacWest confirms sale

Shares of U.S. bank PacWest Bancorp have experienced a sharp decline in premarket trade, fueling concerns of a deepening banking crisis. The Los Angeles-based lender confirmed ongoing discussions with potential partners and investors regarding strategic options, including a possible sale or capital raising. PacWest’s plummeting value PacWest’s shares dropped 37% in premarket trade and have … U.S. banking concerns worsen as PacWest confirms sale Read More »

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