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The Latest Breaking News from PacWest

PacWest And Banc Of California Agree To All-Stock Merger

Analysts weigh in on the transformative bank merger and shareholder response.

Zenger

Banc Of California And PacWest Shares Volatile On Merger Announcement

BANC and PACW stocks react after companies sign definitive agreement for all-stock merger

Zenger

PACW Stock Rallies After PacWest Earnings, Buyout Deal; Banc Of California Leaps

Banc of California will combine with PacWest Bancorp, the banks announced Tuesday. PACW stock, BANC rallied after earnings late Tuesday.

Investors Business Daily

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Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who's At Risk?

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

Investors Business Daily

ASX finishes the week slightly higher after bumpy Friday, while AusSuper unveils $70m issue

Falls across most of the resources sector plus a big drop for QBE weighed down the ASX on Friday, but it made a recovery in time for weekend knock-off drinks. Find out how the day unfolded by reading back our live blog.

ABC News

Dow Jones Futures Rise Amid Divided Market Rally; Tesla Pops On Elon Musk's Twitter News

Dow Jones futures: Google was strong, but the overall market was weak. Tesla popped as Elon Musk said he's found a Twitter CEO. Tesla also raised prices.

Investors Business Daily

Stock Market Today: Disney Earnings Drag on Dow

An unexpected decline in subscribers weighed on Disney stock Thursday, while notable deposit outflows sent PacWest tumbling.

Kiplinger

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Bank Reports Show Signs Of Stability. But Investors Are Still Nervous.

PacWest reported deposits stabilized, healthy liquidity for its Q1 miss but investors are still rattled. Blackstone plays bank, insurance matchmaker.

Investors Business Daily

Dow Jones Slides 350 Points After Cool Inflation Data, Rising Jobless Claims; PacWest Plunges 30% On Falling Deposits

The Dow Jones Industrial Average dropped 350 points Thursday on cool inflation data and surging weekly initial jobless claims. PacWest plunged 30% on falling deposits.

Investors Business Daily

Regional Bank Stocks Turn Mixed; PacWest Rises After Dividend Cut

Regional bank stocks continue rebounding early Monday. PacWest Bancorp spiked another 40% after slashing its dividend, rocketing 82% Friday.

Investors Business Daily

Dow Jones Falls As PacWest Soars On Dividend Cut. Occidental Drops On Warren Buffett Comments.

The Dow Jones fell modestly Monday, as PacWest soared on a dividend cut. Occidental dropped on Warren Buffett's comments.

Investors Business Daily

US employers added 253,000 jobs in April showing jobs market remains robust

April broke downward trend in growth of labor market, which has been slowing over the last few months

The Guardian - US

19 Banks Grasp For $32.6 Billion Government Lifeline: Report

Investors are making their best guesses at which banks are in the worst shape in the S&P 500 and out. But new data paint a clearer picture of where the pain is.

Investors Business Daily

Dow Jones Futures Rise On Apple, PacWest. But Here Comes The Jobs Report.

Apple rose on earnings while PacWest and Western Alliance tried to lead a regional bank bounce. The jobs report looms.

Investors Business Daily

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WEKU

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

Investors Business Daily

Stock Market Limps Near Lows Ahead Of Apple Earnings; Shopify Stock Gains Over 23%

Shopify stock gained 23% after a positive Q1 earnings report.

The Guardian - UK

US banks are failing, and the authorities seem unlikely to intervene

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead

Axios

The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

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news in one place.

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The Independent UK

Anxiety knocks regional banks, shares slump

Anxiety about a rush of withdrawals by customers of regional banks continues to roil the financial sector as PacWest Bancorp attempted to calm investors investors overnight with its shares plunged 45%

Investors Business Daily

Dow Jones Slides 325 Points After Jobless Claims; PacWest Crashes 49% On Possible Sale; Apple Earnings Due

The Dow Jones dropped 325 points Thursday on rising weekly jobless claims. Regional bank PacWest shares crashed 49% on a possible sale.

Investors Business Daily

PacWest Bancorp Explores Options. Western Alliance Denies Deal Rumors. Gensler Issues Statement.

PacWest Bancorp sparked more panic among regional banks on reports it's exploring strategic options, including a potential sale. Bank stocks dive.

The Guardian - UK

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

Investors Business Daily

Dow Jones Futures: Fed Hike Due, PacWest, AMD In Focus. Eli Lilly Drug Slows Alzheimer's.

Another rate hike is expected today, but Fed guidance will be key. PacWest rebounded while AMD tumbled. Eli Lilly jumped on its Alzheimer's drug.

The Independent UK

Bank stocks continue to fall following First Republic demise

Regulators have barely written the epitaph for First Repbulic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail

Investors Business Daily

Dow Jones Closes Lower While Uber Rockets. Carl Icahn Hits Back As Stock Craters On Short-Seller Attack.

The Dow Jones plunged as the latest Fed meeting kicked off. Carl Icahn hit back after Icahn Enterprises stock got slammed. Uber stock soared.

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