US banking crisis deepens ...News

PacWest is the latest American bank to see its stock plunge following the collapse of several rivals Regional lender PacWest Bancorp has become the latest American bank to be caught up in the worst crisis in the sector since 2008. The bank has confirmed it is in talks with potential partners and investors about strategic options, following a 60% stock rout. Shares in the bank nosedived in after-hours US trading on Wednesday over reports the Los Angeles-based lender was mulling a sale. PacWest’s shares were down as much as 48% in early trading on Thursday. “The bank has not experienced out-of-the-ordinary deposit f

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