PacWest, Western Alliance shares keep plummeting - Breaking The News

PacWest, Western Alliance shares keep plummeting

4 May

1 min read

EPA-EFE/JUSTIN LANE

The trading of shares of PacWest Bancorp and Western Alliance Bancorporation was temporarily halted on Thursday due to volatility as both regional banks saw their stock plunge. PacWest dropped as much as 48% and reached a record low after it announced it is looking for partners and investors amid an ongoing banking crisis. First Horizon also saw its value nosedive after a failed merger deal, losing over 36%.

PacWest was down 42.21% at 10:07 am ET, while Western Alliance fell by 24.82%.

banking crisis pacwest

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