Western Alliance (WAL.US) seems to be another regional bank that has found itself in trouble in the aftermath of recent turmoil in the US banking sector. Financial Times reported that Western Alliance is exploring potential sale of its business. This is another bank that is considering sale of its business amid troubles in the banking sector and deposit outflows. As recently as yesterday in the evening PacWest Bancorp (PACW.US) also announced that it is in talks with partners and investors over a potential sale. If those sales go forward, number of regional US banks that have failed and had to be taken over would climb to 5 (after Silicon Valley Bank, Signature First and First Republic). Troubles in US banking sector weigh on Wall Street today with all major US stock market indices trading lower today - Dow Jones drops 1.2%, S&P 500 trades 1% lower and small-cap Russell 2000 plunges 2.2%. Nasdaq is an outperformer as it drops 'only' 0.7%.
Western Alliance (WAL.US) trades over 40% lower after Financial Times reported it is considering a potential sale. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
PacWest Bancorp (PACW.US) trades around 50% lower after the company confirmed yesterday that it is exploring potential sale. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
