PacWest

Eric Thayer/Bloomberg via Getty Images (NEW YORK) — Shares of PacWest Bancorp plummeted more than 20% in early trading on Thursday after the regional lender said it faced a sizable withdrawal of deposits last week, renewing concern over financial trouble in the aftermath of a string of major bank collapses. The sharp decline of PacWest […]

Morgan Lieberman/Bloomberg via Getty Images (LOS ANGELES) — Shares of PacWest Bancorp plunged more than 50% in early trading on Thursday, marking the latest spasm of financial distress after three of the nation’s 30-largest banks fell within a matter of weeks. In all, PacWest stock has fallen more than 85% this year, erasing hundreds of […]