PacWest Bank Taps Credit Lines After 20% Drop in Deposits

PacWest Bank Taps Credit Lines After 20% Drop in Deposits

The New York Times - Business:

The Los Angeles lender, which has come under scrutiny amid worries about midsize banks, said withdrawals had “stabilized.” It expressed confidence in its ability to raise cash.

Lauren Hirsch
Author: Lauren Hirsch

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