Regional Bank Stocks, Including PacWest and Western Alliance, Plunge to New Lows.
TL;DR Summary
Shares of PacWest fell more than 39% on Tuesday, and shares of Western Alliance dropped 20%, as regional bank stocks fell sharply due to the fallout from the third major bank failure this year. The recent bank failures and expected regulatory changes in response to them have also raised questions about the long-term profit outlooks for mid-sized regional banks.
- PacWest falls 30% as regional banks stocks slide to new lows CNBC
- PacWest, Western Alliance crash as regional bank fears continue to shake markets Yahoo Finance
- Live news: US job openings hit two-year low as labour market shows signs of cooling Financial Times
- PacWest (PACW), Western Alliance (WAL) Stocks Lead Regional Bank Selloff Bloomberg
- PacWest, Other Regional Bank Stocks Are Plunging Barron's
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