
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California.
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]]>The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don’t expect any major price corrections.
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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 […]
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