PacWest Stocks Plunged Over 50%; Will US Government Seize the Bank?
PacWest Bancorp shares dropped more than 56% during Wednesday’s extended trading. The California holding company’s share price declined following news that the bank is “weighing strategic options.” PacWest is attempting to avoid the fate of other regional lenders that were taken over by American regulators in the last two months.
May 4, 2023
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