PacWest Bancorp’s Imminent Demise Shows Bank Turmoil Is Widening To Smaller Banks

Today we have reached the point when the tide has gone out, and we are seeing who has been swimming naked. A third Califonia-headquarted bank, in the less than two months, is looking like it is on the verge of collapse. As of today, PacWest Bancorp’s PACWstock has decreased 90% since March 7, the …

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