Regional-bank stocks fell in premarket trades on Thursday after PacWest Bancorp PACW disclosed a 9.5% drop in deposits that took place last week. PacWest stock is leading the group into the red, with a drop of 20%, followed by a 7.2% loss by Western Alliance Bancorp WAL, a 3.7% loss by First Horizon Corp. FHN, a 3.3% drop by Bank of Hawaii Corp. BOH and a loss of 2.9% by Webster Financial Corp. WBS.
... Regional-bank stocks fell in premarket trades on Thursday after PacWest Bancorp PACW disclosed a 9.5% drop in deposits that took place last week. PacWest stock is leading the group into the red, with a drop of 20%, followed by a 7.2% loss by Western Alliance Bancorp WAL , a 3.7% loss by First Horizon Corp. FHN , a 3.3% drop by Bank of Hawaii Corp. BOH and a loss of 2.9% by Webster Financial Corp. WBS .
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PacWest leads losses in regional bank stocksPacWest Bancorp shares led declines in U.S. regional lenders on Tuesday, as the demise of three banks in less than two months heightened investor fears that the ongoing crisis could deepen.
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