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

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,

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:

Cointelegraph /  🏆 562. in SE

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.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »