PacWest stock plunges 23% after losing 9.5% of deposits last week

Regional bank stocks fell again Thursday after troubled California lender PacWest (PACW) disclosed it lost 9.5% of deposits last week on a wave of new pessimism surrounding the industry. The Beverly Hills, Calif.-based institution first came under investor scrutiny following the March 10 failure…#beverlyhills #siliconvalleybank #pacwest #westernalliance #wal #phoenix #signaturebank #firstrepublic #garygensler #federalreserve
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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