US banks halt trading as financial panic spreads ...News

Russia Today - Economy
US banks halt trading as financial panic spreads
source : Russia Today ( News ) () 41
More regional lenders see their shares plummeting, prompting regulators to intervene Two more US regional banks saw trading of their shares suspended on Thursday, amid the worst crisis to hit the country’s financial sector since 2008. Regulators halted trading in Los Angeles-based PacWest and Arizona’s Western Alliance after their share prices fell dramatically. PacWest Bancorp said late Wednesday it was in talks with potential partners and investors about strategic options after its shares dropped by as much as 60%. “Recently, the company has been approached by several potential partners and investors – discussio

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