Regional Banks Crashed in Premarket Trading, Western Alliance Slipped Nearly 20% While KRE Slipped Over 4%

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Regional Banks Crashed in Premarket Trading, Western Alliance Slipped Nearly 20% While KRE Slipped Over 4%

Tiger Newspress2023-05-04

Regional banks crashed in premarket trading, Western Alliance slipped nearly 20%% while SPDR S&P Regional Banking ETF slipped over 4%.

PacWest is assessing options, including a possible sale, and bringing in advisors to evaluate longer-term plans for the business, according to one person familiar with the matter. Piper Sandler and Stephens are the two firms advising PacWest, the person said.

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