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2023-05-04 07:07:22

Will PacWest be the Next US Bank to Go Out of Business?

The post Will PacWest be the Next US Bank to Go Out of Business? appeared first on Coinpedia Fintech News Following a rumored plan to explore strategic options, PacWest Bancorp experienced the largest after-hours decline of any bank on Wednesday, falling over 50%. Even though federal reserve chairman Jerome Powell had described the banking industry as “sound” and “resilient” just hours before, several regional banks’ stock values plummeted on Wednesday. Following a Bloomberg report that …

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