PacWest Bancorp – ReportWire

Banc of California is expected to keep leading regional banks higher as PacWest deal ignites sector

[ad_1] Banc of California Inc.’s proposed agreement to acquire PacWest Bancorp. helped send regional-bank stocks considerably higher on Wednesday. But even after a two-day increase of...

Business2 years ago

Stocks making the biggest midday moves: Microsoft, Alphabet, Boeing and more

[ad_1] A GE AC4400CW diesel-electric locomotive in Union Pacific livery is seen near Union Station in Los Angeles, California, September 15, 2022. Bing Guan | Reuters...

Breaking News2 years ago

PacWest stock rockets nearly 40% after Banc of California confirms plan to buy troubled bank

[ad_1] PacWest Bancorp’s stock jumped more than 38% in after-hours trading Tuesday after the company said it had agreed to be acquired by Banc of California...

Banking2 years ago

Banc of California and PacWest to merge into new firm called Pacific Western

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime CNBC’s Leslie Picker joins ‘Closing Bell Overtime’ with breaking...

World News2 years ago

CNBC Daily Open: May the good times roll

[ad_1] People walk near the New York Stock Exchange on July 18, 2023 in New York City View Press | Corbis News | Getty Images This...

Banking2 years ago

Regional bank yields have fallen but plenty are still paying more than 4%

[ad_1] Back in April and May, investors saw juicy yields on regional bank stocks, some paying twice the rate on the 10-year Treasury note but wondered...

Banking2 years ago

Wall Street analysts think these 5 bank stocks will do well in the second half

[ad_1] The world’s most important central bank says the biggest banks in the U.S. are in strong enough shape to withstand a potential economic slowdown. All...

Banking2 years ago

As regional bank stock rally regains steam, investors should watch out for these spoilers

[ad_1] With the Federal Reserve expected to pause its rate-hiking campaign at this week’s meeting, regional banks stocks have made a comeback, but that doesn’t mean...

Breaking News2 years ago

PacWest sells its real-estate lending business to Roc360

[ad_1] PacWest Bancorp will sell its real-estate lending arm to Roc360, as the beleaguered regional bank moves to refocus on its core business. The deal, first...

Breaking News2 years ago

PacWest’s stock jumps 5% premarket on news bank to sell real estate loans worth $2.6 billion

[ad_1] PacWest Bancorp.’s stock jumped 3% premarket Monday, after the bank announced asset sales that would allow it to focus on its core community banking business....

Banking2 years ago

We’re seeing some of the most disturbing economic trends since COVID, says author Larry McDonald

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Kate Kelly, New York Times reporter, Larry McDonald, The Bear Trap Report...

Banking2 years ago

Banking sector as a whole is strong and resilient, says Comptroller of the Currency Michael Hsu

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Michael Hsu, Acting Comptroller of the Currency, joins ‘Closing Bell Overtime’ to...

Banking2 years ago

Nubank CEO David Vélez says the Brazilian banking sector is solid despite turmoil in the U.S.

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Nubank CEO David Vélez joins ‘Closing Bell Overtime’ to talk the state...

Business2 years ago

‘Big Short’ Michael Burry bought a slew of regional banks last quarter amid banking crisis

[ad_1] Michael Burry, known for calling the subprime mortgage crisis, bought a number of regional banks last quarter, betting the industry could weather the crisis, according to...

Banking2 years ago

CNBC Daily Open: Bank fears overshadowed promising inflation signals

[ad_1] A pedestrian walks past a Pacific Western Bank branch in Beverly Hills, California on May 4, 2023. Patrick T. Fallon | Afp | Getty Images...

Banking2 years ago

Jamie Dimon says short-sellers on social media are to blame for banking crisis

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Herb Greenberg, Empire Financial senior editor, and Lydia Moynihan, New York Post...

Banking2 years ago

CNBC Daily Open: Bank fears overshadowed positive inflation signals

[ad_1] In an aerial view, a Pacific Western Bank building is seen on May 4, 2023 in Los Angeles, California. David Mcnew | Getty Images This...

Banking2 years ago

Western Alliance’s stock trading flat is a good sign for regional banks, says KBW’s David Konrad

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KBW’s Large Cap Bank Analyst David Konrad joins ‘Fast Money’ to discuss...

Breaking News2 years ago

Dow posts 4-day decline as regional-bank woes resurface

[ad_1] U.S. stocks ended mostly lower on Thursday, with the Dow booking a fourth day in a row of losses, as selling pressures returned to shares...

Banking2 years ago

PacWest losing Insured deposits would be a huge concern, says Wedbush’s David Chiaverini

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email David Chiaverini, Wedbush bank analyst, joins ‘Power Lunch’ to discuss big banks...