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PacWest stock flash crash recovers after rescue merger with Banc of Cali

  • 📰 Cointelegraph
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US banking crisis fears arose again as PacWest stock flash crashed before it was rescued in a merger deal with the Banc of California.

Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California.

PacWest Bancorp stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community — with some asking if “the next banking collapse” was starting. Share prices recovered in after-hours trading on July 25 and were priced at $10.10 at the time of writing,

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PacWest Bancorp stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community, with some asking if “the next banking collapse” was starting.

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Banc of California confirms plan to buy PacWest in all-stock merger backed by two private-equity firmsPacWest's stock rises fractionally in after-hours trading after a 27% drop as it agreed to combine with Banc of California.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »