Regional Bank Stocks, Including PacWest and Western Alliance, Plunge Over 25% Amid Market Fears.
TL;DR Summary
Regional bank stocks, including PacWest, are experiencing a significant drop in value following JPMorgan Chase's acquisition of First Republic Bank. The reason for the sell-off is currently unknown.
- PacWest, Other Regional Bank Stocks Are Plunging Barron's
- PacWest falls 30% as regional banks stocks slide to new lows CNBC
- Live news: US job openings hit two-year low as labour market shows signs of cooling Financial Times
- PacWest, Western Alliance crash as regional bank fears continue to shake markets Yahoo Finance
- PacWest, Western Alliance Stocks Plunge More Than 25% The Wall Street Journal
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