May 9 (Reuters) - PacWest Bancorp ( PACW.O ) shares regained earlier session losses on Tuesday as investor uncertainty about the financial health of U.S.
Underwriting has become more lenient amid increased competition for corporate borrowers, and as Paycheck Protection Program loans are disappearing from banks' balance sheets.
Steve Steinour, the Ohio bank’s CEO, said the slowdown in car manufacturing due to the global chip shortage will continue to stifle loan demand in the months ahead.