Smaller Banks Are Scrambling as Share Prices Plunge

Smaller Banks Are Scrambling as Share Prices Plunge

Investors are not convinced that regional banks including PacWest and Western Alliance can remain viable. Some are actively betting on their demise.
PacWest’s Plunge Reignites Fears About America’s Regional Banks

PacWest’s Plunge Reignites Fears About America’s Regional Banks

The regional lender said it is weighing its options, after its shares fell despite assertions by the Federal Reserve that the recent bank crisis is contained.