Regional-bank stocks move up after PacWest deal suggests stabilization in sector

Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding. “The implied take out price of $9.60 is higher than many estimated, with ‘[PacWest] resolution’ a net…#pacwestbancorp #bancofcalifornia #pacwest #kbw #christophermcgratty

Source: Reuters: Health - July 26, 2023 Category: Consumer Health News Source Type: news