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.

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