PacWest Bank, Shedding Billions in Deposits, Enters Renewed Market Spiral

PacWest Bank, Shedding Billions in Deposits, Enters Renewed Market Spiral

The New York Times - Business:

The Los Angeles-based lender said that its falling stock price ignited customers’ “fears of the safety of their deposits.”

This post first appeared in The New York Times - Business. Read the original article.