A general view of Pacific Western Bank in Huntington Beach, California, U.S., March 22, 2023. REUTERS/Mike Blake
Shares of regional banks resumed their slide this week after the collapse of First Republic Bank, the third U.S. mid-sized lender to fail in two months. Short sellers raked inin paper profits on Thursday alone from betting against certain regional banks, according to analytics firm Ortex. "State and federal regulators and officials are increasingly attentive to the possibility of market manipulation regarding banking equities," the source said.shares slid 57% on Thursday, dragging down other regional lenders, after the Los Angeles-based bank said it was in talks about strategic options.from the Financial Times that said it was exploring a potential sale, and said it was exploring legal options. The report had sent the lender's shares down as much as 61.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Used Porsche 911 4.0 GT3 PDK 2d 503 BHP for saleScott Hardy Automotive are thrilled to offer this phenomenal Porsche 992 GT3 for sale , Finished in PTS Jet green metallic with 20-/21-inch 911 GT3 wheels finished in Satin Neodyme . The car looks amazing and has serious presence on the road and when the sun shines on it its jaw dropping . The car benefits from a whole host of extras including Clubsport package , PCCB system , Interior with extensive leather / Race-Tex items in Black with contrasting colour , Lightweight carbon roof Porsche Exclusive Manufaktur , Carbon wing mirrors , 'PORSCHE' logo LED door courtesy lights Porsche Exclusive , Decorative 'PORSCHE' side logo in aurum Porsche Exclusive , Exclusive Design fuel filler cap Porsche Exclusive , Chrono package including preparation for the lap trigger , Front axle lift system , LED Main Headlights in black with Matrix Beam including Porsche Dynamic Light System Plus (PDLS Plus) , Exclusive Design Taillights Porsche , Privacy Glass , ParkAssist (rear) including reversing camera , Light design package , Seat Belts in Racing Yellow , Chrono Stopwatch Instrument Dial in Racing Rev counter in Racing yellow , Six-point racing harness seat belt for passenger seat , Carbon interior package , BOSE® Surround Sound System , A truly stunning car that has had full impact area PPF , and cherished by its one and only owner , Please call Ryan or Matt on 01625353322 Full dealer facilities available, Finance available, please apply via our website or call for a quote. We have a team of experienced buyers who hand pick our cars from all parts of the UK so you can buy with confidence all vehicles are HPI Clear and prepared to the highest standard. We believe in providing our customers with a personal and first class level of service,Full dealer facilities available, Part exchanges welcomed. TO ENQUIRE OUT OF BUSINESS HOURS PLEASE CALL MATT ON: 07711097959 Features: Custom Colour, Sport Chrono Stopwatch Instrument Dial - Racing Yellow, ParkAssist - Rear with Reversing Camera, P
Source: PistonHeads - 🏆 553. / 51 Read more »
John Leguizamo-Partnered Latino-Focused Streaming Platform mitúTV Launches (EXCLUSIVE)Digital media and entertainment company NGLmitú, the result of a merger last year between NGL Collective and mitú, have launched the new Latino-focused streaming platform mitúTV. Targeting bilingua…
Source: Variety - 🏆 108. / 63 Read more »