PacWest plunged nearly 40% in premarket trading Thursday after issuing a statement aimed at reassuring markets.
On 3 May evening, the regional bank said deposits were rising. The statement followed a plunge in the bank’s stock price of as much as 55% in after-hours trading following a report the bank was weighing strategic options, including a sale. It fell 2% in 3 May's regular trading session.
Other...
Read more on fnlondon.com