Despite mixed second-quarter results, shares of regional lenders surged this week as their deposits stabilized after high-profile bank failures earlier this year.
PacWest shares plummet after bank says it lost 9% of deposits last week knzr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knzr.com Daily Mail and Mail on Sunday newspapers.
(NEW YORK) Shares of PacWest Bancorp plummeted more than 20% in early trading on Thursday after the regional lender said it faced a sizable withdrawal of deposits last week, renewing concern over financial trouble in the aftermath of a string of major bank collapses. The sharp decline of PacWest stock prompted a pause in
Eric Thayer/Bloomberg via Getty Images(NEW YORK) Shares of PacWest Bancorp plummeted more than 20% in early trading on Thursday after the regional lender