PacWest stock drops 30% following deposit loss.

PacWest, a troubled California lender, lost 9.5% of deposits last week, causing its stock to plunge 30%. The bank pledged $5.1 billion to the Federal Reserve's discount window, giving it an additional borrowing capacity of $3.9 billion, and reduced its dividend to strengthen its financial position. The bank has also planned to complete some asset sales in the second quarter to improve its liquidity and capital positions. The SEC is investigating any form of misconduct in the financial world about the health and stability of regional banks.