US banking crisis fears arose again as PacWest stock flash crashed before it was rescued in a merger deal with the Banc of California.
Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California.
PacWest Bancorp stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community — with some asking if “the next banking collapse” was starting. Share prices recovered in after-hours trading on July 25 and were priced at $10.10 at the time of writing,
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PacWest stock rockets nearly 40% after Banc of California confirms plan to buy troubled bankPacWest Bancorp’s stock soared in after-hours trading Tuesday after the company said it had agreed to be acquired by Banc of California Inc. in an all-stock merger backed by two private-equity firms
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Banc of California in talks to buy PacWest: WSJBanc of California Inc. shares rose as PacWest Bancorp.’s fell Tuesday following a report that the former was in talks to buy the latter. Banc of California...
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WSJ News Exclusive | Banc of California, PacWest in Advanced Talks to CombineBreaking: Banc of California is in advanced talks to buy PacWest, in a move by lenders to shore themselves up in the wake of the regional-banking crisis
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Banc of California in talks to buy PacWest Bancorp - WSJBanc of California is in advanced talks to buy PacWest Bancorp and a deal could be announced as soon as Tuesday, the Wall Street Journal reported, citing people familiar with the matter.
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Banc of California confirms plan to buy PacWest in all-stock merger backed by two private-equity firmsPacWest's stock rises fractionally in after-hours trading after a 27% drop as it agreed to combine with Banc of California.
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