Yet another US bank on the brink of collapse?
Edited By WION Video Desk
Published: May 03, 2023, 21:00 IST | Updated: May 03, 2023, 21:00 IST
Shares of US-based bank pacwest bancorp tumbled 56% in extended trading. This happened following the news that the bank is weighing strategic options. The regional bank is assessing various options. Including a possible sale, and bringing in advisors to evaluate longer-term plans for the business. Piper Sandler and Stephens are the two firms advising pacwest.
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