pacwest

PacWest going down?

by Frequent_Quail_2202 Bank of California announced that it was going to buy PacWest for an all share deal. Warburg Pincus & partners graciously offered to inject $400M at $12.30 into $BANC. Since the announcement, after the initial surge, the stock has ground lower and is currently just above this $12.30 price level. If the stock …

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Pacwest Bank is worse than First Republic. Contagion spreading.

via benzinga: PacWest Bancorp shares are trading lower by 28.61% to $14.20 Friday morning. The stock is sharply lower as shares of several regional banks and financial institutions sell off on downward momentum after SVB Financial Group Wednesday announced a $1.25 billion common stock offering. SVB Financial Group was also halted during pre-market trading Friday …

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