PacWest Stock Plummets on Deposit Outflow Disclosure
TL;DR
PacWest Bancorp's stock fell 23% after the bank disclosed losing 9.5% of its total deposits last week in a securities filing, causing volatile trading and dragging down other midsize banks in the stock market.
Topics:businessfinance#deposit-outflow#finance#midsize-banks#pacwest-bancorp#securities-filing#stock-market
PacWest Stock Sinks 23% After Disclosing Fresh Deposit Outflow The Wall Street JournalView Full Coverage on Google News
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