Another US regional bank in trouble: PacWest considering “strategic options”

Market news

3 May 2023

Another US regional bank in trouble: PacWest considering “strategic options”

Following the Federal Reserve's decision to raise interest rates to their highest level since 2007, Bloomberg reported that PacWest Bancorp is considering strategic options, including a potential sale.

PacWest's shares are falling by more than 50% in the post-market, indicating significant investor concern about the bank's situation.

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