Market Analysis
PacWest Bank Drops 53% After Reports of Possible Sale Emerge
Shortly after it was reported that PacWest is “exploring strategic options”, the bank’s shares plummeted more than 50%.
Total Stories
6
News
Bank Crisis
Section
Bank Crisis
Market Analysis
Western Alliance Calls Misleading FT Report “Shameful” as Stock Drops 35%
Western Alliance stated it is exploring legal action in response to a report that sent its stock plunging in Thursday trading.
Banking
First Republic Down 20%+ After-Hours as Bank Reveals 40% Deposit Drop in Q1
After its situation seemingly stabilized, First Republic’s Q1 report again sent its stock price into a sharp decline erasing Monday’s gains.
Policy
FSOC Proposes New Analytic Framework For Assessing Financial Stability Risks
Today FSOC brought forth new proposed rules that would increase scrutiny of nonbank companies and prove greater insight into the Council's risk assessment practices.
Banking
First Republic Bank Down 47% As Search for Buyer Continues
Despite the frantic efforts to stop the fall, FRC shares almost halved on Monday.
Personal Finance
Crypto App Downloads Up 15% as US Banking Crisis Drags On
Ongoing banking crisis caused a surge in the number of downloads of smartphone apps of major cryptocurrency companies.