What bank turmoil? Bill Gross snaps up Western Alliance, PacWest stocks

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Sverige Nyheter Nyheter

'Bond King' Bill Gross snaps up battered Western Alliance and PacWest shares despite regional bank turmoil

"Bond King" Bill Gross snapped up shares of regional US lenders even as they came under intense pressure following the collapse of Silicon Valley Bank last month.

The poor showing reflected investor concerns that smaller lenders could be hit by the same problems faced by SVB, sparking a run on deposits. "I've always told myself and close friends that I wish I could start a bank. It's a license to make money even when run conservatively," Gross said."Admittedly, regionals will have their cyclical problems if and when a recession occurs but my long-time wish to own a bank is now possible via public markets," he added.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker