After a liquidity boost last month failed to inspire investor confidence, PacWest is now considering alternatives that may include a sale or capital raise, a person familiar with the matterThe late-day drop in regional bank shares added to losses in Wednesday's regular trading session, despite reassurances by U.S. Federal Reserve Chair Jerome Powell that the country's banking system remains resilient.
In a press conference after the Fed announced a much anticipated 25-basis hike in interest rates, Powell said the U.S. banking sector remained sound and resilient despite "strains" in March that led to tighter economic conditions.near a one-month high in options marketsThe recent regional bank selloff indicates investor unease over their outlook, Brown Brothers Harriman analysts wrote in a note.
The exposure of regional banks to the commercial real estate sector, particularly office buildings, has also sparked investor worries, given rising interest rates.
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Bank stocks tumble as First Republic deal fails to stem contagion fearsShares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
출처: CBSNews - 🏆 87. / 68 더 많은 것을 읽으십시오 »
Bank stocks continue to fall following First Republic demiseRegulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits and commercial banks like Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank. Shares of Western Alliance were down 17% in afternoon trading and PacWest dropped 25%, with trading of both stocks halted briefly due to high volatility. The ongoing concern among investors and regulators is that banks such as PacWest have large amounts of uninsured deposits _ those above $250,000.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »
PacWest drops 12%, leading regional bank stocks in continued selloffShares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »