Not Just PacWest: These Regional Bank Stocks Plummet Amid Contagion Fears

  • 📰 Forbes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Western Alliance and First Horizon led a group of regional banks with massive drops in stock prices Thursday.

Stock prices at a group of big regional banks tumbled Thursday as shares of PacWest Bancorp fell more than 40%, as fears of system-wide banking contagion persist after three bank failures in less than two months, including the second biggest collapse in U.S. history.... [+]Western Alliance Bancorporation

fell by more than a third as of 3:30 p.m. Thursday, dropping more than 35% to $19.07, its lowest point since December 2013., a Memphis-based regional bank, also saw a massive drop in its stock price Thursday, falling more than 32% to a near-three-year low of $10.12.decreased by 7.2% to $41.85 as of Thursday afternoon, a two-year low for the Pasadena, California, bank.stocks are down nearly 13% on the day, dropping to a three-year low of $31.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 394. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Western Alliance denies 'shameful' report it's the next bank for sale | CNN BusinessWestern Alliance Bank denied reports that it's exploring a sale or has hired an advisor to explore strategic options.
La source: CNN - 🏆 4. / 95 Lire la suite »