Somewhere, Jamie Dimon of JP MorganChase is licking his chops:
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zerohedge
@zerohedge
·
24m
PACW:
Deposits: $28.5BN
Total Assets: $44.3BN
Book Value of equity: $2.8BN
Market Cap: $400MM
@WallStreetSilv
· 17m
PACWEST now down 54% after hours. $PACW
Bank run is probably on for deposits.
Probably will be closed on Friday by the FDIC.
We are just waiting for Jim Cramer to tell us it is a "strong bank" before we call this one as finished.