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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

Posted on 05/03/2023 6:41:33 PM PDT by 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.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy
KEYWORDS: bideneffect
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To: Republicans 2016 2020

Eventually, Brandon (actually his minions) will attempt to Nationalize our banks. They need to do that to do their BS CBDC garbage (part of the Great Reset). Truman got slapped down by the SCOTUS for the steel industry takeover being unconstitutional in the early 50’s, but Brandon’s minions don’t believe in the Constitution or the SCOTUS anyway. They do not care, they are on a mission. They will definitely try, if they stay in the WH after the 2024 election.


21 posted on 05/04/2023 9:01:29 AM PDT by jpp113
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