PacWest Bank shares fall more than 50% on report that it could be the next regional bank to collapse

CNN Business ^ | May 3, 2023 | David Goldman

[Republicans 2016 2020]

Shares of PacWest Bank were cut in half in after-hours trading after Bloomberg reported that the regional bank swept up in the recent crisis is exploring strategic options, including a sale.

“Exploring strategic options” is Wall Street lingo for “please help.” The last bank to announce it was exploring strategic options was First Republic Bank. That regional bank failed Monday, and JPMorgan purchased most of its assets.

[Paladin2]

Calif. is a Garden of Eden for banking.

[George from New England]

Isn’t it great — Calif banks collapse and the fly-over taxpayers bail them out

[Steely Tom]

If PDJT was in office, the MSM-Democrats would be saying that Trump destroyed the banking system, and that Trump's Treasury Department was a shambles.

They would be demanding congressional inquiries, and would be spreading rumors of criminal involvement of members of Trump's family and cabinet secretaries.

[Huskrrrr]

Another one bites the dust.

[Bonemaker]

If they are woke...screw ‘em.

[wny]

Your money in the bank isn’t yours, isn’t there, isn’t money.

[Toddsterpatriot]

Calif banks collapse and the fly-over taxpayers bail them out

FDIC.

[2001convSVT]

“Another one bites the dust.”, Another domino falls, how long is this going to go on? The banking corruption is going to make inflation a lot worse. If I could I would pull all my money and buy raw land.

[ClearCase_guy]

[George from New England]

Just as I was saying. When the feds dish out money it doesn’t come exclusively from Calif. It comes from all 57 states.

[Karl Spooner]

Don't panic! Thank god, Joe has it under control.

.

[MeneMeneTekelUpharsin]

VERY GOOD POINT. The media explodes when anything bad happens while Republicans are in charge!!! Biden has said MANY inappropriate things and the media just ignores it. The latest I saw was something like "Hush up boy!" to someone in the audience at the media dinner whateverthingy. If a conservative were to have said that, his house would have been burned down, his wife and children murdered and the pets barbecued and eaten.

Obviously now, the media is covering for the apparently totally shaky banking system, the big boys are pulling their money as fast as they can go while the little people keep theirs in the banks until the very last when it all collapses and the big boys buy everything on the cheap. Do you think we're stupid??? Do you???

I AM SO SICK OF THESE PEOPLE, I CAN'T STAND IT ANYMORE. LITERALLY!!! THIS HAS ALL GOT TO STOP AND RIGHT NOW. WHY CAN WE NOT GET ORGANIZED TO PUT THE FEAR OF GOD INTO THESE PEOPLE AND THE FED BOYS WHO PROTECT THEM???

[Toddsterpatriot]

When the feds dish out money it doesn’t come exclusively from Calif.

When the FDIC dishes out money it comes from the banks.

[SaveFerris]

[PacWest Bank shares fall more than 50% on report that it could be the next regional bank to collapse]

The pilot and the co-pilot are fine, just fine. Free to pursue a life of religious fulfillment.

[freepersup]

[Republicans 2016 2020]

That’s right, Bank of America, Wells Fargo, and JP Morgan Chase are easier to control than thousands of local banks. At best, they don’t care when local banks fail, but at worst, they celebrate each one because it’s one less bank infiltrate with leftist policies.