News analysis Regulators seized First Republic Bank on May 1 and sold off its assets to JPMorgan Chase, wiping out the bank’s shareholders and making First Republic the third U.S. regional bank to fail this year. But while depositors have been made whole and bank stockholders suffer sudden, catastrophic losses, short sellers in bank shares…
ANALYSIS: Why Short Sellers are Winning Big on Bets Against Bank Shares
May 5, 2023
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Business & MarketsCompaniesFDICFirst Republic BankMarketsPacWestpersonal financeSilicon Valley BankstocksWestern Alliance Bancorp
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Regional Bank Stocks See Sharp Rebound After Jobs Report Posts Huge Beat
Regional bank shares rallied sharply premarket and extended those gains in early trading Friday after a bruising session the day prior, as a government jobs report beat market forecasts for both payroll growth and the unemployment rate despite banking sector turmoil and a slowing economy. PacWest led the charge in the regional bank stock rebound,…
PacWest Confirms It’s Considering Sale as Stock Selloff Deepens
Pacific Western Bank has confirmed that it’s exploring its “strategic options,” which is Wall Street code for the possibility of a sale to a white knight, with the bank saying it has been approached by potential investors. PacWest Bancorp, the California-based holding company that owns Pacific Western Bank, said in a statement on May 4…
NTD Good Morning (May 4): US Banking System ‘Safe and Sound’?, PacWest in Trouble; What Happens When Title 42 Ends?
PacWest shares plunged by over 50 percent in after-hours trading on Wednesday. Will it be the next U.S. bank to fail? We look at that and the rate hike from the Fed. As Title 42 ends next week, migrants are lining up at Mexico’s southern border to make the journey to the United States. What…
LIVE NOW: NTD Good Morning (May 4): U.S. Banking System ‘Safe and Sound’?, PacWest in Trouble; What Happens When Title 42 Ends?
PacWest shares drop by over 50% in after-hours trading. Will it be the next U.S. bank to fail? We look at that and the rate hike from the Fed. Title 42 ends next week. Migrants are lining up at Mexico’s southern border to make the journey to the U.S. What happens when the restriction is lifted? We…
NTD Good Morning (May 4): U.S. Banking System ‘Safe and Sound’?, PacWest in Trouble; What Happens When Title 42 Ends?
PacWest shares drop by over 50% in after-hours trading. Will it be the next U.S. bank to fail? We look at that and the rate hike from the Fed. Title 42 ends next week. Migrants are lining up at Mexico’s southern border to make the journey to the U.S. What happens when the restriction is lifted? We…
PacWest Shares Fall More Than 55 Percent in After-Hours Trading As It Seeks Rescue
PacWest Bancorp (NASDAQ: PACW) shares fell more than 55 percent in after-hours trading on Wednesday following news that company executives were considering a potential sale. Bloomberg reported, citing anonymous sources, that the regional bank, which has been weakened by the failure of three California-based lenders, has been contemplating a number of strategic alternatives, including a…
Regional Bank Stocks Plunge as Gloom from First Republic Failure Sinks Markets
May 2, 2023
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Business & MarketseconomyFirst Republic BankMarketsPacWestRegional & State Newsregional banksstocksUSUS News
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A day after U.S. financial regulators ordered First Republic Bank closed and JPMorgan Chase agreed to take it over in a rescue move, other regional bank stocks have plunged. In early trading on Tuesday, regional bank stock indexes fell sharply amid persistent jitters following Monday’s regulatory decision to seize First Republic and then facilitate its…
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