California-based PacWest Bancorp lost more than half its value after news of a possible sale came in. In this respect to witness Transaction data on the NASDAQ stock exchange.
Shares of US bank PacWest Bancorp fell 59.96% to $2.57 after the May 3 close. At the same time, at 11.15 a.m. Moscow time, the drop was 38%, trading at $3.98.
At the same time, the sale of shares began after Bloomberg reported that PacWest will consider various strategic options, including the sale of the business.
Earlier on Thursday, Federal Reserve Chairman Jerome Powell declaration At the press conference held after the Federal Open Market Committee meeting, it was stated that the country’s banking system is robust and resilient, but may face the negative effects of tightening credit conditions.
Prior to that, it was reported that shares of American First Republic Bank are currently down more than 22% on the backdrop of the release of financial statements that signaled a large deposit outflow.