PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California.
Powered by WPeMatico
Category: Pacwest
Auto Added by WPeMatico
How are Bitcoin options traders positioning for the US banking crisis?
The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don’t expect any major price corrections.
Powered by WPeMatico
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit new lows. Banking Industry on Edge as Pacwest Shares Sink […]Powered by WPeMatico