Regional bank fears continue to weigh on markets, PacWest and Western Alliance stocks plummet.
TL;DR Summary
PacWest and Western Alliance saw their stock prices drop significantly as investors remain concerned about the stability of troubled regional banks. Short sellers have increased their bets against regional bank stocks by over $440 million in the last 30 days, with PacWest becoming the second most shorted regional bank stock. The pressure on these banks may not result in outflows from retail customers but could lead to more from corporate customers.
- PacWest, Western Alliance crash as regional bank fears continue to shake markets Yahoo Finance
- PacWest, Western Alliance stocks sink on regional bank shakeups ahead of Fed decision Yahoo Finance
- PacWest falls more than 20% as regional bank stocks slide to new lows CNBC
- Your Evening Briefing: Wall Street Says the Banking Crisis Isn't Over Bloomberg
- Markets Sink on Fears About Banks and Weaker Economic Outlook The New York Times
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