Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as

La banque de la Silicon Valley fait face à des difficultés financières alors que les stocks sont arrêtés, Vend $21 Portefeuille d'un milliard d'obligations à un $1.8 Milliard de perte

En mars 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% à la fin 24 heures. SVB was forced to sell a $21 billion bond portfolio at a $1.8