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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

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

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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

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

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..

WEKU

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

The Guardian - UK

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The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

Axios

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%

The Independent 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

The Guardian - 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

People

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